Arizona voters will decide this November whether to require builders to provide a 10-year warranty on each new home. Proposition 201, dubbed the Homeowners' Bill of Rights by proponents, would allow homeowners to choose who repairs defects on their homes and guarantee fair compensation for repairs not completed.
The proposition also would prohibit sales contracts from requiring alternate means of resolving disputes, such as mediation and arbitration. Prospective homebuyers would be also allowed to sue over repairs. The measure would reduce the notice period for buyers to request repairs from 90 days to 60 days.
Construction unions are the initiative's big backers, according to the report. Homebuilders are opposing the measure with arguments that it will result in unwarranted litigation; an opposition website is here (h/t Carter). We've followed legislative and initiative fights over construction defect litigation in nearby Colorado.