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.
Salt Lake Utah Home Builder's Warranty Agreement is a comprehensive contract that outlines the terms and conditions between a home builder and a homeowner in Salt Lake City, Utah. This agreement acts as a guarantee, providing protection and assurance for the homeowner regarding the quality and functionality of their newly constructed home. The Salt Lake Utah Home Builder's Warranty Agreement covers various aspects of the home construction, including structural integrity, mechanical systems, and workmanship. It typically ensures that the builder will address any defects, repairs, or issues that arise during a specified period after the completion of the home construction. There are several types of Salt Lake Utah Home Builder's Warranty Agreements that homeowners should be familiar with when entering into a contract with a builder: 1. Structural Warranty: This type of warranty covers any damages or issues related to the structural components of the home, such as the foundation, walls, roofs, and load-bearing elements. It ensures that the home will be free from any major structural defects during the designated warranty period. 2. Systems Warranty: The systems warranty focuses on the mechanical systems within the home, including heating, ventilation, air conditioning (HVAC), plumbing, and electrical systems. It guarantees that these systems will function properly and efficiently for a specific period after the completion of the construction. 3. Workmanship Warranty: This warranty offers protection against any deficiencies or faults in the craftsmanship or quality of construction. It assures the homeowner that the builder will rectify any issues related to improper installation, finishing, or other workmanship-related problems. 4. Appliance Warranty: Some builders in Salt Lake City may include warranties for specific appliances within the home, such as refrigerators, dishwashers, ovens, or laundry machines. These warranties cover defects or malfunctions in these appliances, often provided directly by the manufacturer. It is crucial for homeowners to carefully review and understand the terms and conditions of the Salt Lake Utah Home Builder's Warranty Agreement before signing it. This agreement provides homeowners with peace of mind, knowing that their investment is protected and that the builder is accountable for any necessary repairs or replacements.
