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 implied warranties for condominium units, ensuring that both units and common elements meet specific standards for their intended use. The bill differentiates between condominiums created before and after its effective date, establishing varying warranty requirements. It also clarifies the conditions under which these implied warranties can be excluded or modified, particularly for residential units, and specifies that certain regulations do not apply to accessory dwelling units organized as condominiums in common interest communities created after the bill's effective date.

Furthermore, the legislation amends existing laws concerning the sale and construction of multiunit residential buildings, introducing new definitions and clarifications for terms such as "attached dwelling unit" and "developer." It stipulates that no dwelling unit may be sold as a condominium for five years unless specific conditions are met, including compliance with certain requirements and certifications. The bill outlines the responsibilities of title insurance companies and the conditions under which a "sale prohibition covenant" can be recorded, allowing for exceptions to the prohibition on sales. Additionally, it sets expiration dates for certain provisions of the act, with specific sections expiring on January 1, 2028. Overall, the bill aims to create a more favorable environment for condominium development while ensuring consumer protections and clarity in the regulatory framework.

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