Support SB 5334/HB 1306 - Reform Condominium Liability Law
SB 5334 and its House companion bill, HB 1306, clarify the statutory warranty provisions for new condominium and condominium conversion projects. The proposed reforms create more objective standards for construction defect claims.
Liability reforms are needed to ensure that new condos are an affordable home-ownership option in Washington State. Liability risks for condominiums developers and contractors have reduced condominium development in Washington State to one of the lowest rates in the nation, and new condos often exceed $1 million, well beyond the reach of first-time buyers or those seeking to downsize. Without increasing the supply of new, affordable condominiums, our state will be unable to provide home-ownership opportunities and meet the objectives of the Growth Management Act.
For more information about this bill, or to contact your legislators about supporting this bill, please visit this website.