HB1382 Summary

• Establishes a 4-year statute of limitations for tort actions against condominium developers for construction, design, planning, supervision, observation, or management defects in condominiums, units, or common elements, beginning when the unit owner or association knew or should have known of the defect.

• Suspends the limitations period if a unit owner is under a legal disability, with the period not beginning to run until the disability is removed.

• Exempts causes of action based on fraudulent misrepresentation or fraudulent concealment from the 4-year limitation period.

• Applies to all actions commenced or pending on or after the effective date of the bill.