HBW_307_090114
2
Only
– If
Your Certificate of Warranty
indicates
Your Home
has FHA/VA financing, the
Effective Date of Warranty
is the date of
closing.
“
Home
” means the dwelling unit and garage (if any) or the
Commercial Space
(if any) located at the address shown on the
Certificate of Warranty Coverage
.
“
Multi-Family Building
” is a building in a common interest community that may consist of dwelling units, shared parking spaces,
Commercial Space(s)
and/or
Common Elements
.
“
Performance Guidelines
” mean the performance standard(s) the
Home
or element or component must satisfy.
“
Structural Defect
” is defined in Section IIB of this warranty booklet.
“
You
”, “
Your
”, and similar words means the person or persons who are the legal owners of the
Home
covered by this express
limited warranty.
“
Warranty Insurer
” is the
Builder/Seller’s Warranty Insurer
as stated on
Your Certificate of Warranty Coverage
.
“
Warranty Limit
” is the aggregate financial obligation of the
Builder/Seller
for all claims under this warranty. The Warranty
Limit is equal to the final sales price of the Home as identified on the Application for Home Enrollment when the final sales price
includes the land. If the land was provided by You, the Warranty Limit is equal to the final sales price of the Home multiplied by
a factor of 1.25 provided this calculation was performed on the Application For Home Enrollment.
SECTION II.
THE WARRANTIES PROVIDED BY Your Builder/Seller.
A. One Year Workmanship and Two Year Systems Defect Warranty
.
Your Builder/Seller
is providing a One Year
Workmanship and Two Year Systems
Defect
Warranty for
Your Home
. This means that
Your Home
will be free from
Defects
in
materials and workmanship for one year as defined in the Construction
Performance Guidelines
in Section X; and for two years
Your Home
will be free from
Defects
in the electrical, plumbing, and mechanical distribution system as stated in Section X. The
Workmanship warranty shall expire one year from the
Effective Date of Warranty
; and the Systems Warranty will expire two years
from the
Effective Date of Warranty
.
ROOFING
CABINETS
COUNTERTOPS
SINK
TOILET
CERAMIC TILE
DRYWALLS
DOOR PANELS
EXTERIOR
SIDING
HARDWOOD FLOOR/
RESILIENT FLOORING
TILE
BASEMENT FLOOR
INTERIOR TRIM
PAINT
CARPET
SUPPLY PIPING
ELECTRICAL
WIRING
DUCTWORK
WASTE PIPING
Workmanship
Examples of items typically
covered under the one year
workmanship warranty.
Systems
Examples of items typically
covered under the two year
systems warranty.
