The bill aims to increase the supply of condominiums in Washington by expanding the types of condominium buildings that can be subject to express warranties of quality and express warranty insurance coverage. It amends RCW 64.90.675 to clarify that for condominium units created on or after the effective date of the bill, a declarant or dealer is not subject to implied warranties of quality if they provide an express warranty of quality and insurance coverage that meets specific requirements. These requirements include acknowledgment by the purchaser, coverage for defects by both the unit owner and the owners association, and minimum coverage periods for various types of defects.

Key changes in the bill include the insertion of provisions that allow for express warranties to apply to condominium units in buildings containing 12 or fewer units and up to four stories, as well as the requirement for the express warranty to cover all units and common areas. Additionally, the bill specifies minimum coverage periods for defects, ranging from one year for workmanship to ten years for structural defects. The language also clarifies the process for commencing a breach of warranty proceeding, ensuring that the new regulations are clearly defined and enforceable.

Statutes affected:
Original bill: 64.90.675