2-10 Home Buyers Warranty - Electronic Brochure

closing date on which You purchased the Home, or (2) the date anyone first began living in the Home if before Your closing date. Homes With Original FHA/VA Financing – The Effective Date of Warranty is the date of closing of the original FHA/VA financing. “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. “Soil Movement” exclusively means subsidence or expansion of soil caused by shrinkage, swelling, or consolidation. “Structural Defect” is defined in Section II.B of this 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

Ceramic Tile

Countertops

Drywall & Paint

Cabinets

Interior Trim

Door Panels

Windows

Finished Floor Surfaces

Exterior Siding

WORKMANSHIP Examples of items typically covered under the one year workmanship warranty.

Basement Floor

Supply Piping

Electrical Wiring

SYSTEMS Examples of items typically covered under the two year systems warranty.

Waste Piping

Ductwork

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