Washington Limited Warranty Certificate Issued to Owner of Condominium Unit

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US-03106BG
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Description

This Limited Warranty Certificate has been prepared to comply with the requirements of the federal Magnuson-Mass Warranty-Federal Trade Commission Improvement Act enacted in 1975 (15 U.S.C. Section 2301); certain language is required by regulations promulgated by the Federal Trade Commission (16 C.F.R. Section 701.3).


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Washington Limited Warranty Certificate Issued to Owner of Condominium Unit is a legal document that provides assurance to the owner of a condo unit about the limited warranties provided by the developer or builder. This certificate outlines the specific warranties, their duration, and other relevant details for the condo owner. The Washington Limited Warranty Certificate ensures that the owner will receive repairs or replacements for any construction defects or issues covered under the warranty. This warranty typically covers structural components, foundation, roofing, plumbing, electrical systems, and other major elements of the condominium unit. There are different types of Washington Limited Warranty Certificates that can be issued to the owner of a condominium unit, depending on the specific coverage and duration of the warranties. These may include: 1. Standard Washington Limited Warranty Certificate: This type of certificate offers a standard warranty coverage for a specified duration, usually ranging from one to ten years. It guarantees repairs or replacements for any defects that adversely affect the quality or safety of the condo unit. 2. Extended Washington Limited Warranty Certificate: An extended warranty certificate provides a longer coverage period than the standard certificate. It offers additional protection to the condo owner by including repairs or replacements for any potential defects that may arise over an extended period of time. 3. Structural Washington Limited Warranty Certificate: This type of warranty certificate specifically focuses on the structural components of the condominium unit, including the foundation, load-bearing walls, roof, and other essential structural elements. It ensures that any structural defects will be handled by the developer or builder within the specified warranty period. 4. Systems Washington Limited Warranty Certificate: A systems warranty certificate primarily covers the major mechanical systems of the condo unit, such as plumbing, electrical, heating, ventilation, and air conditioning (HVAC) systems. This warranty ensures that any malfunctions or defects in these systems will be addressed by the developer or builder during the warranty period. Washington Limited Warranty Certificates are crucial for condo owners as they provide peace of mind and legal protection against construction defects. It is essential for condo buyers to thoroughly review and understand the terms and coverage provided by the certificate before finalizing the purchase of a condominium unit.

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FAQ

(1) A qualified warranty pertains solely to the unit and common elements for which it provides coverage and no notice to the qualified insurer is required on a change of ownership.

Workmanship, Materials and Mechanical Systems are covered for 1 year. Structural Coverage on Designated Structural Elements is provided for 6 years. Pricing based on low flat rates per home. Builder liability in the Washington CSW program is limited to 1 year only.

What is a resale certificate? A condo resale certificate is a collection of documents that provides detailed information about a specific condo unit plus the condo development as a whole.

Disclosures made in the disclosure letter operate to qualify the warranties. If a warranty statement turns out to have been untrue when made, the buyer may have a legal remedy against the seller(s), except to the extent that the relevant matter has been disclosed.

At the same time, Washington Condominium Act liability has acted as a major deterrent to construction of new condos. The state law, some argue, practically guarantees condo buyers will sue developers for construction defects, leading to lengthy litigation, large settlement payouts, and higher insurance costs.

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(b) Transfer of legal title to the unit. (2) For the common elements, the beginning date of a qualified warranty is the date a temporary or final certificate of ... This Limited Warranty Certificate has been prepared to comply with the requirements of the federal Magnuson-Mass Warranty-Federal Trade Commission ...To start with, carefully verify if the King Limited Warranty Certificate Issued to Owner of Condominium Unit is tailored to your state's or county's regulations ... This notice must be in writing and sent via certified mail, return receipt requested. Jul 20, 2023 — If unresolved after giving 30 days prior notice, a condominium association or unit owner claimant may file a structural defect claim with RCSD. Sep 6, 2017 — According to RCSD's publication “How to File a Condominium Structural Defect Warranty Claim,” a claimant should file its structural defect ... requires that a condominium developer warrant the condominium common elements and each condominium unit against structural defects for two years from the date ... Jul 21, 2023 — Request it from your association. We will provide you a blank copy of the form for the association to complete for free when you submit a flat ... Jan 20, 2022 — If the association or its unit owners fail to take legal action within five years after commencement of the warranty term, they lose the right ... If that limited common element was permanently assigned to more than 1 unit at the time of the taking, then the portion of the award attributable to the taking ...

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Washington Limited Warranty Certificate Issued to Owner of Condominium Unit