House Bill 734 amends Tennessee Code Annotated, specifically Section 28-3-202, to establish a four-year statute of limitations for actions related to deficiencies in the design, planning, supervision, observation of construction, or construction of improvements to real property. The bill specifies that all actions, arbitrations, or other binding dispute resolution proceedings seeking damages for such deficiencies, as well as for injuries to property or persons, must be initiated within four years following the substantial completion of the improvement. Notably, this timeframe applies with the exception of actions brought under Section 28-1-114(a).

The bill is set to take effect on July 1, 2025, emphasizing the importance of timely resolution of disputes related to real property improvements. By clarifying the limitations period, the legislation aims to provide a more structured framework for addressing claims and disputes in the construction and real estate sectors.

Statutes affected:
Introduced: 28-3-202