What is a Home Builder’s Warranty Agreement?
When a new construction home is completed by a home builder, the client should be confident that the manufacturer or seller they’ve hired will provide high-quality products and perform high-quality work. In the construction industry, client confidence becomes even more critical as the high standards expected of contractors directly impact safety. In such situations, warranty contracts come in handy.
A construction warranty is a legal document in which the contractor provides a covenant that guarantees to the client (homeowner) that they will perform all works following building codes and standards and project specifications without flaws or defects. Breaching such an agreement results in monetary recovery of related damages and costs for material replacement or reparation works to be carried out at the contractor's expense.
The Magnuson-Moss Warranty Act, a US federal law enacted in 1975, regulates warranty contracts. It states that while not all products and services require written guarantees, if parties conclude one, then such an agreement must comply with the Act. This law aims to prevent manufacturers from misleading clients with inappropriate and unfairly made disclaimers on the guarantees.
Types of warranties
There are two general types of contractor warranty agreements:
- Express warranty is a written or verbal guarantee from the seller that the purchased product is of a certain quality and that the seller can replace or repair it if there are any defects.
- Implied warranty is a guarantee that the purchased product operates as it should.
Builders’ warranties operate under another classification because of industry specifics:
- Time-based warranty is the contractor’s promise to provide a particular thing in a defined condition at a specified time (for example, to guarantee the construction is waterproof for a certain number of years).
- General warranty is a guarantee to perform defined works according to the project blueprints and specifications without a time reference.
Preparing a new Home builder warranty To complete your paperwork correctly, use a verified home builder’s timely-based guarantee agreement from the US Legal Forms library. This multi-state editable and printable legal template requires you to fill out the following information:
- Name and contact details of the contractor and the buyer;
- Newly-constructed house description;
- List of items that are under builder’s guarantees (can be expanded);
- List of items the builder doesn’t take responsibility for (can be changed);
- Name of the state that will govern the agreement.
Maricopa, Arizona Home Builder's Warranty Agreement is a contract between a home builder and the owner of a newly constructed home in Maricopa, Arizona. This warranty agreement ensures that the builder will provide certain warranties, guarantees, and services to the homeowner to safeguard against any defects or issues in the home's construction for a specified period. The Maricopa, Arizona Home Builder's Warranty Agreement offers different types of warranties to cater to different aspects of the house. These include: 1. Structural Warranty: This type of warranty covers the structural components of the home, such as the foundation, walls, roof, and load-bearing elements. It ensures that these elements are free from any major defects or problems that may arise during the specified period. 2. Systems Warranty: This warranty focuses on the major systems within the house, including electrical, plumbing, and HVAC systems. It guarantees that these systems are installed correctly and are in proper working order at the time of construction. 3. Workmanship Warranty: This warranty covers the craftsmanship and quality of the home's construction. It ensures that the builder has used suitable materials and has implemented industry-standard construction practices while building the home. 4. Appliance Warranty: Some builders may offer an appliance warranty as part of their agreement, which covers the functioning of various appliances provided in the home, such as the refrigerator, dishwasher, oven, or washing machine. The Maricopa, Arizona Home Builder's Warranty Agreement typically outlines the details of each warranty, including the duration, coverage, and any limitations or exclusions. It is crucial for homebuyers to thoroughly review and understand the terms and conditions of the warranty agreement before finalizing the purchase. Homeowners should also remember that a warranty agreement does not cover regular wear and tear or damage caused by the homeowner's negligence or improper maintenance. It is essential to follow proper maintenance guidelines and report any issues promptly to the builder during the warranty period. By having a comprehensive Maricopa, Arizona Home Builder's Warranty Agreement in place, homeowners can have peace of mind knowing that their newly constructed home is protected against potential defects or workmanship issues.
