SB 5258 – Condos and townhouses homeownership

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Increasing the supply and affordability of condominium units and townhouses as an option for homeownership.

Sponsors: Shewmake, Gildon, Billig, Liias, Lovick, Nguyen, Nobles, Randall, Wellman

Status: DEAD

Bill Information
Comment on Bill
Companion Bill
2023 Legislative Session

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.

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