CA condo developers may see litigation relief as reform bill breezes through Assembly
Against the backdrop of a long-mounting statewide housing shortage, California lawmakers seem poised to finally overhaul rules that have choked condo construction for more than two decades. On Tuesday, the California State Assembly unanimously supported AB 1903, with a 70-0 vote (10 lawmakers did not record a vote). Authored by Berkeley Assemblymember Buffy Wicks, the bill targets the state’s condo defect liability law, which leaves developers and general contractors vulnerable to expensive lawsuits for any mistakes made in the construction of a condo for up to 10 years from the sale of a newly built unit. Fodder for lawsuits ranges […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Newsom signs bill to limit low-density building in Altadena

Blackstone unloads Huntington Beach retail center a year after buying

“Girl at Home”: Taylor Swift’s former Beverly Hills manse comes to market

Jackson Pollock’s Onetime West Village Loft Lists for Nearly $2 Million

Peter Thiel buys troubled Bel-Air mega-mansion for $130 million

Publisher Benedikt Taschen Lists a Fully Restored 1950s Beverly Hills Home for $25 Million

Goldman Sachs buys loan on Slatkin brothers’ luxe Santa Monica hotels after $280M sent to special

What Are the Seating Rules for a Formal Dinner?

Industrious grows on Westside again with lease in LA’s Playa Vista

Michael B. Jordan’s Former Hollywood Hills Home Hits the Market for $14 Million

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA
