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2006 SESSION

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HB 558 Condominium Act; actions for breach of warranty and notice of declarant.

Introduced by: G. Glenn Oder | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Condominium Act; actions for breach of warranty; notice of declarant. Provides that no cause of action for breach of warranty shall be commenced on or after January 1, 2007, unless a written statement by the claimant or his agent, attorney or representative, of the nature of the alleged defect has been to the sent to the declarant, by registered or certified mail, at his last known address, as reflected in the records of the Real Estate Board, more than six months prior to the commencement of the action giving the declarant an opportunity to cure the alleged defect within a reasonable time. The bill provides that sending the required notice shall toll the statute of limitations for commencing a breach of warranty action for a period not to exceed six months. The bill also contains technical amendments.


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