Appeals Court Ruling Could Have Major Impact On Construction Warranties
Matt Bailey was quoted in a Bisnow article titled, “ Appeals Court Ruling Could Have Major Impact On Construction Warranties.” The article highlights a recent ruling in which the Court found that all construction warranties longer than eight years — even ones already on the books — are no longer legally enforceable. Bailey is quoted about the case, saying, “Broad strokes, I think [Lewis] is right. It is possible that this opinion has far-reaching effects. I don't know that the language of the court of the appeals decision left much ambiguity. If this holding does solidify in subsequent courts, then yes that is what it would mean. You could not assert an action broadly on improvements to a property, regardless of the warranties signed.” Like and share on LinkedIn here.