Structural Warranty
Structural Warranty
I. Introduction
Welcome to the Structural Warranty Agreement provided by [YOUR COMPANY NAME]. This agreement is designed to provide coverage for structural defects in newly constructed residential homes. The warranty aims to protect property developers and homeowners from unexpected repair costs arising from structural issues.
II. Coverage Period
The coverage period for this warranty begins on the date of completion of the newly constructed residential home and continues for a period of [COVERAGE PERIOD]. During this time, [YOUR COMPANY NAME]will provide coverage for structural defects as outlined in the agreement.
III. Coverage Details
The warranty covers structural defects that affect the integrity or safety of the residential home, including but not limited to issues with the foundation, load-bearing walls, and roof structure. [YOUR COMPANY NAME] will provide repair or replacement services for covered defects.
IV. Limitation of Liability
[YOUR COMPANY NAME] shall not be liable for any damages or costs arising from normal wear and tear, acts of God, or damage caused by the homeowner's negligence. The liability of [YOUR COMPANY NAME] under this warranty is limited to the cost of repair or replacement of the structural defect.
V. Claim Process
To file a claim under this warranty, homeowners must contact [YOUR COMPANY NAME] at [YOUR COMPANY EMAIL]or [YOUR COMPANY NUMBER]. A representative will guide the homeowner through the claims process and schedule an inspection of the structural defect.
VI. Owner’s Responsibilities
Homeowners are responsible for maintaining the residential home in accordance with the manufacturer's guidelines and performing regular inspections to identify potential structural issues. Failure to fulfill these responsibilities may void the warranty coverage.
VII. Transferability
This warranty is transferable to subsequent homeowners within the coverage period. To transfer the warranty, homeowners must notify [YOUR COMPANY NAME] in writing of the transfer of ownership and provide proof of the transfer.
VIII. Governing Law
This warranty agreement shall be governed by the laws of Governing Law. Any disputes arising from this agreement shall be resolved through arbitration in accordance with the rules of Arbitration Organization.
IX. Dispute Resolution
In the event of a dispute regarding the warranty coverage or claim process, both parties agree to engage in good faith negotiations to resolve the issue. If a resolution cannot be reached, arbitration shall be pursued as outlined in Section VIII.
X. Miscellaneous Terms
This warranty agreement constitutes the entire agreement between [YOUR COMPANY NAME] and the homeowner regarding the structural warranty. Any modifications or amendments to this agreement must be made in writing and signed by both parties.
XI. Conclusion
In summary, the Structural Warranty Agreement by [YOUR COMPANY NAME] provides crucial protection for property developers and homeowners against structural defects in new residential properties. With clear coverage details, streamlined claim procedures, and a commitment to resolution, this agreement ensures peace of mind for all parties involved. By adhering to the terms and responsibilities outlined, we aim to maintain strong partnerships and uphold structural integrity standards for lasting satisfaction.
