Washington’s legislators had their eye on common interest communities (CICs) during the 2023 regular session, which ended on April 23, 2023. Three bills relating to or affecting CICs become effective on July 23, 2023. One became effective immediately. Here is a brief summary of the new laws.
Joe McCarthy
Joe McCarthy, chair of Stoel Rives' Real Estate and Construction group, combines a deep understanding of real estate, partnership, and tax law with over thirty years’ experience handling complex projects. He is a trusted advisor on the development, financing, and operations of affordable, condominium, mixed-use, multi-family, ownership, planned community projects. He provides counsel and advocacy relating to acquisition, construction, diligence, joint ventures, leasing, management, operations, partnerships, and project finance.
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Home Builder Alert: Washington Supreme Court Strikes Down One-Year Warranty Limitation in Home Construction Contract
The Washington Supreme Court recently published an opinion that appears to invalidate any homebuyer warranty that requires the buyer to file suit in less than six years. In Tadych v. Noble Ridge Construction, Inc., the owners of a custom home sued their builder for breach of warranty three years after occupying the home. Their…