New Home Warranty

I. Introduction

In appreciation for your choice to purchase a property in our new development, [YOUR COMPANY NAME] presents you, [OWNER'S NAME], with this warranty. This is in line with our aim to ensure you are fully satisfied. It confirms that your recently acquired property is free from any defects in materials or craftsmanship and is built to approved construction standards.

We want you to enjoy your new property, that is why we are dedicated to setting things right if there are any problems. This document outlines what is covered under the warranty, the coverage period, and the claims process.

II. Coverage Period

This warranty extends to a period of [WARRANTY DURATION] from the date of purchase. We aim to provide peace of mind to consumers by guaranteeing the performance and durability of our rechargeable lithium-ion batteries throughout the coverage period.

III. Coverage Details

Under this warranty, we guarantee the following aspects of the newly constructed homes:

Structural Integrity: We ensure that the structural components of the home, including the foundation, walls, roof, and framing, meet or exceed industry standards for quality and durability.
Mechanical Systems: We guarantee the proper functioning of essential mechanical systems such as plumbing, electrical, heating, and cooling, ensuring that they operate efficiently and reliably.
Finishes and Fixtures: We stand behind the quality of finishes and fixtures installed in the home, including flooring, cabinetry, countertops, and plumbing fixtures, ensuring they meet the highest standards of craftsmanship and durability.

Exclusions:

While our warranty covers the quality and performance of newly constructed homes, it does not extend to damage resulting from:

Accidental damage
Normal wear and tear
Failure to perform routine maintenance
Improper use or alterations made to the home by the homeowner

IV. Limitation of Liability

[YOUR COMPANY NAME]'s total liability under this warranty is limited to the purchase price paid for the property. We are not liable for any consequential, incidental, indirect, or special damages.

The Warranty does not cover any loss or damage due to natural disasters, acts of God, misuse, abuse, neglect or any modifications carried out without the prior written agreement of the Developer.

V. Claim Process

If you wish to make a claim, please contact us at [YOUR COMPANY EMAIL] or [YOUR COMPANY NUMBER]. All claims should be reported promptly after discovery.

Upon receipt of your claim, we will conduct an investigation to assess the reported issue. Once the claim has been validated, we will organize appropriate remediation actions. If the claim is denied, we will provide you with a detailed explanation of our decision.

VI. Owner's Responsibility

As an Owner, it is your responsibility to maintain your property according to the guidelines provided. This includes conducting regular preventive maintenance and promptly addressing any issues.

Failure to maintain your new home according to these guidelines may void this Warranty. Also, remember that any alterations or additions to the property have to be pre-approved by [YOUR COMPANY NAME].

VII. Transferability

Within the warranty period, the original owner can transfer the warranty to a second owner by submitting requisite documents and new owner's details via [YOUR COMPANY EMAIL] to [YOUR COMPANY NAME]. However, this warranty can't be moved on to any further owners.

VIII. Governing Law

This Warranty shall be governed by and construed in accordance with the laws of the state of [JURISDICTION]. All disputes arising under this Warranty shall be subject to the exclusive jurisdiction of the state and federal courts within [JURISDICTION].

IX. Dispute Resolution

In the event of any disagreements arising from this Warranty, the first course of action will be to seek resolution via amicable discussion. Failing that, the dispute shall be adjudicated through arbitration, with both parties agreeing to accept the arbitrator's judgment as conclusive and binding. [YOUR COMPANY NAME] retains the right to select the arbitrators.

X. Miscellaneous Terms

This Warranty does not affect any statutory rights you may have under the law applicable to the sale of residential properties. It is designed to give you additional rights and is in addition to any rights you may have at law.

Furthermore, this Warranty expresses the entire understanding of the parties in respect of the matters contained or referred to in it and there are no promises, terms, conditions or obligations oral or written, express or implied, other than those contained in this Warranty.