Changes to construction defect liability law in Colorado State aimed to boost local housing markets

The City of Lakewood in Colorado State has recently passed a local government ordinance amending Colorado’s laws around construction defects.

The amendments give builders a ‘right of repair’ for construction defects before facing litigation for the work, and also require consent from a majority of homeowners in [body corporate] developments before issuing proceedings.

The amendments were strongly opposed by some homeowners’ associations, calling them ‘anti-homeowner’ and contrary to consumer protection.

The law change is hoped to stimulate Lakewood’s housing market (particularly for condominiums), which has been stunted by the State law, which was introduced in 2005.

Click here to read the Denver Post article on Lakewood City’s changes. It is interesting to see other countries’ regimes for dealing with sluggish housing markets, whilst New Zealand is also working on solutions for this issue.

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