HOMEOWNERS WARRANTY. Buyer and Seller are advised that Homeowners Warranties are available. A Homeowners Warranty is only part of this Agreement if Buyer or Seller agrees to purchase a warranty. Buyer and Seller are advised to request information about what is included in the warranty and what is excluded (for example, preexisting conditions) and the amount of the deductible.
HOMEOWNERS WARRANTY. Seller is advised that a Homeowner’s Warranty may be available. A Homeowner’s Warranty is only part of this Agreement if Seller agrees to purchase a warranty. Seller is advised to request information about what is included in the warranty and what is excluded (for example, preexisting conditions) and the amount of the deductible. ___________________________________________________________________________________________________________ ________________________________________________________________________________________________________ __ _________________________________________________________________________________________________________ _______________________________________________________________________________________________________
HOMEOWNERS WARRANTY. Seller is advised that a Homeowner’s Warranty may be available. A Homeowner’s Warranty is only part of this Agreement if Seller agrees to purchase a warranty. Seller is advised to request information about what is included in the warranty and what is excluded (for example, preexisting conditions) and the amount of the deductible.
HOMEOWNERS WARRANTY. Seller will be a member of the 2-10 Home Buyers Warranty Program (2-10) under the New Home Warranty and Builder's Registration Act N.J.S.A. 46:38-1 et seq. 2-10 which provides Purchaser with a written warranty from the seller and with Insurance which backs Seller's warranty and gives extended Insurance coverage on major structural defects. From the date of occupancy or delivery of title, whichever comes first, Seller warrants for a period of one year that the home shall be free from quality standard defects, appliance, fixture and equipment defects, mechanical systems defects and major construction defects. For a period of two years, Seller warrants that the plumbing, electrical and mechanical systems shall be free from defects. For a period of ten years, the home shall be free from major construction defects (N.J.A.C. 5:25-3.2). If Seller cannot or will not perform his 2-10 warranty obligations, the insurance company assumes the responsibility, less a $250.00 deductible. Seller expressly warrants that any home will substantially conform to the model, description or plans used to induce the Purchaser to enter into an Agreement to purchase a home unless noted otherwise 1n the Agreement, pursuant to N.J.A.C. 5:26-7.3. In addition, the Developer expressly warrants that the common facilities within the Development will substantially conform to the description contained in the advertising literature. With regard to such common facilities, the Developer warrants the construction of the common facilities for a period of two years from the date of completion of each of the common facilities, and also warrants that the common facilities are fit for their intended use. The Developer agrees to repair or correct any defect in construction, material or workmanship 1n the common facilities for the Development within a reasonable time after the Developer receives written notification of the defect. Additionally, the Developer warrants the following to be free from defect due to material and workmanship for a period of one year from the date of possession or settlement, whichever first occurs: outbuildings, driveways, walkways, patios, retaining walls and fences, if any. The Developer also warrants that all drainage 1s proper and adequate and that all off-site improvements, 1f any are free from defects for a period of one year from the date of construction. The Developer warrants that the individual Homes are fit for their intended use. While the Developer maintains a maj...
