District of Columbia Limited Warranty Certificate Issued to Owner of Condominium Unit

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Multi-State
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US-03106BG
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Word; 
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Description

This Limited Warranty Certificate has been prepared to comply with the requirements of the federal Magnuson-Mass Warranty-Federal Trade Commission Improvement Act enacted in 1975 (15 U.S.C. Section 2301); certain language is required by regulations promulgated by the Federal Trade Commission (16 C.F.R. Section 701.3).


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Limited Warranty Certificate Issued to Owner of Condominium Unit
  • Preview Limited Warranty Certificate Issued to Owner of Condominium Unit
  • Preview Limited Warranty Certificate Issued to Owner of Condominium Unit
  • Preview Limited Warranty Certificate Issued to Owner of Condominium Unit

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FAQ

The DC Condo Act of 1974 is the District level legal compass for association governance and affairs. This Act establishes parameters for practices and creates guidelines and rules for how associations and cooperatives operate in Washington DC.

DC Condo Act § 42-1903.16(b). The warranty period for structural defects in the common elements is also two years and will typically run from the later of: (1) the date the developer conveys the first unit in the entire condominium; or (2) the date of the completion of the common element in question.

Condo Act Warranty An agency of the District will enforce the warranty, but only to the extent of the surety bond posted to support the warranty, and the bond amount is limited to 10% of the estimated cost of construction.

The DC Condo Act of 1974 is the District level legal compass for association governance and affairs. This Act establishes parameters for practices and creates guidelines and rules for how associations and cooperatives operate in Washington DC.

In Washington DC, the review period for condo documents is 3 business days. This built in review period gives the condo or home buyer the opportunity to examine the health of the organization they will be joining. governed by the District of Columbia Condominium Act.

District of Columbia Condominium Act (?DC Condo Act?) § 42-1903.16(b). The warranty applies to both condominium common elements and each condominium unit. It requires a developer to repair structural defects, including any resulting damage to the condominium caused by a common element structural defect.

Statutes Of Limitations In Construction Law For example, the statute of limitations on defect claims in Maryland and Washington, D.C., is three years from the date the defect was discovered, or reasonably should have been discovered.

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District of Columbia Limited Warranty Certificate Issued to Owner of Condominium Unit