California lawmakers are considering two bills aimed at reviving condominium construction by easing regulatory barriers related to deposit limits and defect liability. One bill would increase the liquidated-damages limit on new condo sales from 3% to 6%, while another proposes a "right-to-repair" process for defect claims, reducing immediate litigation risks. These changes are crucial for developers as they aim to address high construction defect costs and insurance expenses that have significantly slowed down condo development in the state.
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