- LIMITED WARRANTY
The Developer warrants the construction of the Unit as follows:
- In accordance with the provisions of the New Jersey Home Warranty and Builders' Registration Act (N.J.S.A. 46:3B-1 et seq.), Developer shall enroll each Unit, at or prior to closing, in an approved warranty security plan and shall pay all requisite fees/premiums for such enrollment and coverage; provided, however, that any deductibles for such warranty coverage shall be the obligation of the purchaser.
- In addition to the foregoing, the Developer warrants the any outbuildings, driveways, walkways, patios, retaining walls and fences shall be free from substantial defects due to material and workmanship for a period of one year from the date of closing or the date of possession, whichever first occurs.
- Developer also warrants that all drainage is proper and adequate.
- Developer also warrants that all Units offered hereby are fit for their intended use.
- Developer also warrants that the common facilities, are fit for their intended use and warrants the construction of same for a period of two (2) years from the date of construction. The Developer shall repair or correct any defect in construction, material or workmanship in the common facilities within a reasonable time after notification of the defect.
- THE DEVELOPER DOES NOT WARRANT THAT THE UNIT AND THE COMMON ELMENTS WILL SUBSTANTIALLY CONFORM TO THE SALES MODELS, DESCRIPTIONS OR PLANS USED TO INDUCE THE BUYER TO SIGN AN AGREEMENT OF SALE. DIORAMAS, SMALL-SCALE MODELS, AND ARTISTS SKETCHES AND DRAWINGS CANNOT ACCURATELY DEPICT ALL FEATURES OF A FULLY CONSTRUCTED CONDOMINIUM OR A PARTICULAR UNIT. A BUYER SHOULD BE AWARE THAT THE DEVELOPER'S MODELS MAY CONTAIN OPTIONS OR EXTRAS THAT ARE NOT INCLUDED IN THE BASE PRICE OF THE UNIT.
Pursuant to the terms of the Agreement of Sale which all purchasers must sign in connection with the purchase of a Unit, should a Unit Owner assert a claim with respect to defects in the Unit or the Common Elements, he will be limited to the arbitration proceedings contemplated by the approved warranty security program provided for the Unit at closinq, rather than proceeding in a court of law or equity.
The contents of this Plan and its Exhibits are controlling. No person has been authorized to make any representation not expressly contained in this Statement.
While the Developer maintains majority control of the Board of Directors, the Developer shall take no action which adversely affects the rights of the Unit Owners pursuant to N.J.A.C. 5:25-5.5. Claims relative to defects in the Common Elements shall be processed in accordance with N.J.A.C. 5:25 - 5.5.
- APPLIANCES
The Developer intends to install a dishwasher, a range and range hood, a refrigerator, a clothes washer, and a clothes dryer in each Unit. To the extent that any of those appliances are covered by a manufacturer's guarantee or warranty that is assignable, Developer will assign same to the purchasers of Units. The Developer may offer upgraded appliances as an extra cost option.
- INSULATION INFORMATION
Pursuant to the requirements of Section 460.16 of the Trade Regulation Rules promulgated by the Federal Trade Commission with respect to Labeling and Advertising of Home Insulation (16 CFR Part 460), the Developer hereby discloses and purchaser hereby acknowledges receipt of the following information that has been furnished to the Developer by the manufacturer with respect to the fiberglass batting insulation that will be installed:
- Roof (R-19)
- Exterior Walls (R-13)
