Definition
A service contract covering repair or replacement of specified home systems and appliances.
Example
The seller provided a one-year homeowners warranty as a negotiating concession.
Related terms
Frequently asked questions
What does Homeowners Warranty mean in real estate?
A service contract covering repair or replacement of specified home systems and appliances.
How is Homeowners Warranty used in practice?
The seller provided a one-year homeowners warranty as a negotiating concession.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.