Common use of Construction Guarantee Clause in Contracts

Construction Guarantee. 20.1 The Seller undertakes: 20.1.1 for a period of up to 3 (three) months from date of possession and occupation (whichever occurs first) to remedy any latent defects that manifest itself, which defect can directly be ascribed to defective material or labour, and which defect must be substantially of lower standard than the standards applied in the development; and 20.1.2 for a period of up to 12 (twelve) months from date of possession and occupation (whichever occurs first) to remedy any leakages in the roof structure that manifest itself; and 20.1.3 for a period of up to 5 (five) years from date of possession and occupation (whichever occurs first) to remedy any substantial structural defects in the concrete foundations, brickwork and structural woodwork. 20.2 The Purchaser is obliged to furnish the Seller with a final list of the defects in the Property, to be furnished within 7 (seven) days of date of occupation (a blank copy of which is attached hereto as Annexure "G"). 20.3 In the event of the Purchaser not timeously furnishing the list referred to in clause 20.2, the Seller will have no liability whatsoever in respect of clause 20.1 hereof.