Home protection plan definition
Home protection plan means a contract between the homeowner and a warranty or service company wherein the company is obligated to pay or reimburse the cost to repair or replace the covered built-in appliances or major mechanical systems of the consumer’s home in the event of breakdown.
Home protection plan. The Buyer(s) and/or Seller(s), at their option, may purchase a Home Protection Plan. This 233 is an option, and each plan may vary. Please contact ▇▇▇▇▇▇ if interested. If no action is taken, it will be assumed that 234 Buyer(s) waive this option. Buyer(s) has been made aware of the availability of home warranty plans. Buyer(s) (Check 235 one): 🞎 Elects �� Declines to obtain a home warranty plan. 236 If elects, plan to be paid by (Check one): 🞎 Buyer(s) 🞎 Seller(s) at a cost not to exceed $ . Plan to 237 be ordered by (Check one): 🞎 Listing Broker 🞎 Selling Broker. ▇▇▇▇▇▇ and/or agent ordering the plan may receive a 238 processing fee for services related to the purchase of a home protection plan. 239 DEED/MARKETABLE TITLE: 240 Upon performance by ▇▇▇▇▇(s), Seller(s) shall deliver a 🞎 Warranty Deed 🞎 Other 241 conveying marketable title, subject to: 242 (a) Building and zoning laws, ordinances, state and federal regulations; 243 (b) Restrictions relating to use or improvement of the Property; 244 (c) Prior reservation of any mineral rights; 245 (d) Easements of record; 246 (e) Minerals: In accordance with North Dakota Century Code, unless specifically excluded, Minerals Transfer 247 with the surface estate, or 🞎 Seller(s) reserves mineral rights presently owned by Seller(s). Buyer(s) 248 and Seller(s) are advised to seek independent legal counsel, prior to the final acceptance of this Purchase 249 Agreement; 250 (f) Rights of Tenants as follows (unless specified, not subject to tenancies): 251 252
Examples of Home protection plan in a sentence
As per the Home protection plan, annual warranty inspections required to maintain warranty.