HB 1298 – Increase Condo Supply
Increasing the supply and affordability of condominium units and townhouses as an option for homeownership.
Sponsors: Hutchins, Walen, Barkis, Klicker, Cheney, Bateman, Doglio, Gregerson, Leavitt
Status: DEAD
Summary
- Modifies requirements and scope of construction defect actions. Clarifies warranties and disclaimer of warranties related to developers of condominiums subject to the Washington Uniform Common Interest Ownership Act.
- Modifies deposit requirements and local government planning related to the construction of condominiums.
- Exempts sales of condominium units to eligible first-time homebuyers from the real estate excise tax.