The Colorado Senate passed a watered down version of a contentious bill on Thursday that sponsors hope will reduce insurance costs for condominium construction in the state and spur the development of that type of housing. SB-106 would have added a right-to-repair path to resolve faulty construction issues outside of the costly litigation process and would have defined when a lawsuit is appropriate, therefore limiting the instances a homeowner might sue their developer. Homeowners would have the option to have the builder or a third party perform the corrective work under the right-to-repair process. Read the article…………………………….
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