The bill aims to increase the supply of condominiums in Washington by expanding the types of condominium buildings that can be covered by an express warranty of quality and express warranty insurance. 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.

Additionally, the bill specifies that the express warranty and insurance coverage must apply to all condominium units and common areas within the building, and it outlines the necessary conditions for disclaiming implied warranties. Notably, the bill introduces new provisions that allow for express warranties for condominium units located in buildings with 12 or fewer units and up to four stories, thereby broadening the scope of buildings eligible for warranty coverage. The amendments also include changes to the language regarding the requirements for express warranties, ensuring clarity and consistency in the law.

Statutes affected:
Original bill: 64.90.675
Bill as passed Legislature: 64.90.675
Session law: 64.90.675