The bill seeks to improve homeownership opportunities in Washington State by revising the statutes related to condominium construction. It amends several sections of the Revised Code of Washington (RCW), including RCW 64.90.670, 64.55.005, 64.90.675, and 64.55.010. Key provisions include the introduction of new implied warranties for condominium units, ensuring that both individual units and common elements are fit for their intended use and constructed to specific standards. For condominiums established after the bill's effective date, developers and dealers are required to provide express warranties of quality and insurance coverage, which may exempt them from implied warranties under certain conditions. The bill also clarifies the applicability of existing laws to various residential building types and introduces exclusions for accessory dwelling units organized as condominiums.

Furthermore, the bill establishes a "sale prohibition covenant" that prevents the sale of individual dwelling units as condominiums for a minimum of five years from the date of first occupancy, with specific exceptions. It outlines requirements for building enclosure design documents, which must be certified by a licensed architect or engineer, and clarifies the criteria for classifying a building as a multiunit residential structure. The bill also sets expiration dates for certain provisions, with some set to expire on January 1, 2028, while others will take effect on the same date. Overall, these amendments aim to facilitate condominium development and promote homeownership while balancing the interests of developers and buyers.

Statutes affected:
Original Bill: 64.90.670, 64.90.685, 64.55.100, 64.50.020, 64.55.005, 64.34.050, 64.90.025
Engrossed Bill: 64.90.670, 64.55.005, 64.34.050, 64.90.025, 64.55.010
Bill as Passed Legislature: 64.90.670, 64.55.005, 64.34.050, 64.90.025, 64.55.010
Session Law: 64.90.670, 64.55.005, 64.34.050, 64.90.025, 64.55.010