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.
The Phoenix Arizona Limited Warranty Certificate is a crucial document that is issued to the owner of a condominium unit. It serves as a legal agreement between the builder/developer and the condominium owner, providing assurance and protection for certain aspects of the property. This detailed description will outline the key features, benefits, and different types of Limited Warranty Certificates available in Phoenix, Arizona. The Limited Warranty Certificate acts as a safeguard for the owner against any construction defects, ensuring that the unit has been constructed with quality workmanship and materials. It provides peace of mind by offering specific protections and remedies in case any issues arise within the defined warranty period. The specific coverage and terms of the Phoenix Arizona Limited Warranty Certificate can vary depending on the builder/developer. However, common elements typically included are as follows: 1. Structural Integrity: This covers the structural components of the condominium unit, including the foundation, load-bearing walls, floors, and roof. It assures the owner that the unit will be free from any significant structural defects. 2. Mechanical Systems: This component focuses on the proper functioning and installation of major mechanical systems, such as plumbing, electrical, heating, and cooling. It ensures that these systems operate effectively and conform to local building codes. 3. Workmanship and Materials: The Limited Warranty Certificate addresses any defects arising from poor workmanship or the use of faulty materials during the construction process. It ensures that the finishing (e.g., flooring, cabinetry, paintwork) is of acceptable quality. 4. Water Penetration: This aspect offers protection against water leaks and related damages. It guarantees that the unit is constructed with appropriate waterproofing measures, preventing moisture infiltration and associated issues like mold. 5. Common Area Warranty: In some cases, developers may provide limited warranty coverage for common areas within the condominium complex, such as lobbies, elevators, parking garages, and recreational facilities. This assures the owner that these shared spaces will be free from defects or deficiencies. While the described elements form the core of a Phoenix Arizona Limited Warranty Certificate, variations can exist among different builders/developers. Some developers may offer additional specific warranties or extended coverage, further enhancing the level of protection for the condominium owner. It is essential to carefully review the terms, conditions, and exclusions of the Limited Warranty Certificate provided by the specific builder/developer before the purchase to understand the extent of the coverage and any limitations. By obtaining a Phoenix Arizona Limited Warranty Certificate, the owner of a condominium unit can confidently embrace their new investment, knowing that they are protected against potential construction defects. This certificate acts as an essential legal document that guarantees the quality and durability of the property, providing peace of mind for years to come.The Phoenix Arizona Limited Warranty Certificate is a crucial document that is issued to the owner of a condominium unit. It serves as a legal agreement between the builder/developer and the condominium owner, providing assurance and protection for certain aspects of the property. This detailed description will outline the key features, benefits, and different types of Limited Warranty Certificates available in Phoenix, Arizona. The Limited Warranty Certificate acts as a safeguard for the owner against any construction defects, ensuring that the unit has been constructed with quality workmanship and materials. It provides peace of mind by offering specific protections and remedies in case any issues arise within the defined warranty period. The specific coverage and terms of the Phoenix Arizona Limited Warranty Certificate can vary depending on the builder/developer. However, common elements typically included are as follows: 1. Structural Integrity: This covers the structural components of the condominium unit, including the foundation, load-bearing walls, floors, and roof. It assures the owner that the unit will be free from any significant structural defects. 2. Mechanical Systems: This component focuses on the proper functioning and installation of major mechanical systems, such as plumbing, electrical, heating, and cooling. It ensures that these systems operate effectively and conform to local building codes. 3. Workmanship and Materials: The Limited Warranty Certificate addresses any defects arising from poor workmanship or the use of faulty materials during the construction process. It ensures that the finishing (e.g., flooring, cabinetry, paintwork) is of acceptable quality. 4. Water Penetration: This aspect offers protection against water leaks and related damages. It guarantees that the unit is constructed with appropriate waterproofing measures, preventing moisture infiltration and associated issues like mold. 5. Common Area Warranty: In some cases, developers may provide limited warranty coverage for common areas within the condominium complex, such as lobbies, elevators, parking garages, and recreational facilities. This assures the owner that these shared spaces will be free from defects or deficiencies. While the described elements form the core of a Phoenix Arizona Limited Warranty Certificate, variations can exist among different builders/developers. Some developers may offer additional specific warranties or extended coverage, further enhancing the level of protection for the condominium owner. It is essential to carefully review the terms, conditions, and exclusions of the Limited Warranty Certificate provided by the specific builder/developer before the purchase to understand the extent of the coverage and any limitations. By obtaining a Phoenix Arizona Limited Warranty Certificate, the owner of a condominium unit can confidently embrace their new investment, knowing that they are protected against potential construction defects. This certificate acts as an essential legal document that guarantees the quality and durability of the property, providing peace of mind for years to come.
