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What is a residential service contract, and do I have to provide one to the buyer?

April 26, 2017buyer contract Residential service

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What is a residential service contract, and do I have to provide one to the buyer?

1 Answer

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A residential service contract is an insurance policy that covers certain repairs for one year after the sale. The types of repairs covered vary depending on the specific policy purchased. The repairs are reimbursed by the insurance company, not the seller.