Foundation Repair Warranty
Foundation Repair Warranty
I. Introduction
This foundation repair warranty agreement is offered by [YOUR COMPANY NAME], and applies to the foundation repair work carried out at the residential property of the homeowner, located at [PROPERTY ADDRESS]. The Service has been completed in accordance with the Agreement executed between [YOUR COMPANY NAME] and the Owner on [DATE OF AGREEMENT].
We, [YOUR COMPANY NAME], warrant that the foundation repair work performed is free from defects in materials and workmanship for the period stated under the 'Coverage Period' provided below.
II. Coverage Period
The warranty period starts on the day the Service is completed, [DATE], and lasts for an extent of [NUMBER] years.
Any claims under this warranty must be made within this period. This warranty is not valid or enforceable after the expiration of the warranty period.
III. Coverage Details
This warranty will cover:
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Material defects directly attributed to the Service
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Structural instability caused by the Service
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Any damage to the interior or exterior of the home as a result of the Service
Exclusions:
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Any cosmetic wear and tear
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Damage due to natural disasters, war, terrorism, or acts of God
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Damage caused by tampering or repairs by unauthorized individuals
IV. Limitation of Liability
In case of any defects covered by this warranty, the liability of [YOUR COMPANY NAME] will be limited to the repair of the defects or replacement of the defective parts. [YOUR COMPANY NAME] will not be responsible for any consequential damages, including but not limited to, loss of property, loss of use, or any other incidental damages.
Under no circumstance will the liability of [YOUR COMPANY NAME] exceed the original cost paid by the Owner for the Service.
V. Claim Process
In case of any defects, the Owner should notify [YOUR COMPANY NAME] in writing at [YOUR COMPANY EMAIL], within [NUMBER] days of noticing the defect. The notice should include detailed description and photographs of the defect, and the original work order number.
Upon receipt of the notice, [YOUR COMPANY NAME] will assess the claim, and if valid, will arrange for the repairs to be carried out within a reasonable period.
VI. Owner’s Responsibilities
It is the responsibility of the owner to provide necessary access to the property for [YOUR COMPANY NAME] or its authorized agent to carry out the warranty repairs. The Owner is responsible for any and all expenses related to moving furniture, decorations, and other impediments to carrying out the warranty work.
VII. Transferability
This warranty is extended to the original Owner of the residential property at the time of the Service. If the property is sold within the warranty period, this warranty may be transferred to the new owner. A transfer request must be made in writing and approved by [YOUR COMPANY NAME].
[YOUR COMPANY NAME] reserves the right to charge a transfer fee. The fee will be based on the prevailing rates at the time of transfer.
VIII. Governing Law
This warranty will be governed and interpreted in accordance with the laws of [JURISDICTION]. Any dispute arising out of this warranty will be subjected to the jurisdiction of the courts located in [ADDRESS].
In the event a lawsuit is filed to enforce any condition of this Warranty, the losing party will pay for all attorney fees of the winning party.
IX. Dispute Resolution
In case of any dispute arising out of this warranty, the parties agree to try and resolve the dispute amicably through negotiation, or through a neutral mediator. Only if such resolution fail, will the parties resort to legal actions.
Each party will bear its own costs and fees in the event of any dispute resolution process.
X. Miscellaneous Terms
Any fraudulent claims, misrepresentations or unauthorized changes to the Service from the Owner or any non-approved parties will render this warranty invalid. Apart from this warranty, [YOUR COMPANY NAME] does not offer any other direct or indirect guarantees concerning the Service.
Please do not hesitate to contact [YOUR COMPANY NAME] at [YOUR COMPANY EMAIL] or [YOUR COMPANY NUMBER] for any queries or concerns related to this warranty.
