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.
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