What type of warranty does the Condominium Act of 1976 require?

The Condominium Act of 1976 mandates a structural defect warranty, which serves to protect condominium unit owners by ensuring that they are covered against significant structural defects that may occur in the building. This type of warranty is particularly important as it addresses issues that could compromise the integrity and safety of the condominium structure, such as problems with the foundation, framing, or load-bearing walls.

By requiring such a warranty, the Act emphasizes the responsibility of developers and builders to deliver a quality product that is safe and habitable for its residents. When a structural defect is identified within the warranty period, the warranty obligates the builder or developer to either repair the defect or provide compensation, thus safeguarding the financial interests of the homeowners.

Other warranties, such as those for appliances or heating and cooling systems, do not fall under the specific requirements of the Condominium Act of 1976, which focuses on structural integrity as a critical aspect of condominium ownership. The homeowner's warranty, while it may offer additional protection, is not specifically mandated by the Act, which centers its requirements on structural defects and their implications for safety and durability.