1. Peter Cox Ltd
issues this Guarantee subject to payment of its account in full
and in accordance with the
contract terms and conditions.
2. Peter Cox Ltd
guarantees to the Client for 20 years from the end of the month
of completion that upon being
notified as soon as reasonably
possible of damp continuing to rise from the foundations through
the Peter Cox
damp-proof course inserted
under the contract it will, provided the Client has kept the
Property well repaired
and maintained, upon production
of this Guarantee, the survey report (including any drawings)
and
specification and the
pre-payment of a re-inspection fee (which shall be refunded
should treatment under the
terms of the Guarantee be
required), inspect the wall or structure to which the damp-proof
course was inserted
and carry out further
damp-proof treatment to that wall or structure to prevent such
continuation in accordance
with its original terms and
conditions.
3. This
Guarantee shall not apply, however, if damp continues to rise
from the foundations through the Peter Cox
damp-proof course because of
any settlement or movement of the wall or wall structure or
foundations or any
interference with such
damp-proof course.
4. In the event
of any transfer of ownership of the Property covered by this
Guarantee Peter Cox Ltd will
recognise the successor in
title as the person entitled to the benefit of this Guarantee
for its remaining term
subject to their application
for re-assignment and the payment by them of the company’s then
current transfer
administration fee within 90
days of the transfer of ownership.
5. Peter Cox Ltd undertakes to
deal with any claim under its Guarantee promptly and fairly;
this Guarantee is in
addition to the Common Law and
Statutory Rights of the client which shall remain unaffected. |
