Nevada
Construction Defect Law |
Another
bill is making its way through the Nevada legislature that
can have a negative impact on construction small businesses
in Nevada.
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The NFIB believes that this
legislation is very bad for builders, contractors,
subcontractors, insurers, and anyone else involved in the
home building industry and have made it a major objective to
get the law fixed.
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Existing
law authorizes a claimant to recover reasonable attorney’s
fees for a claim for a constructional defect in certain
circumstances. (NRS 40.655) Section 1 of this bill removes
this provision.
Section 2 of this bill
provides that this change applies to any claim that arises
on or after October 1, 2013.
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Under the new bill the following
claims will be permissible:
1.
Pay for cost of repairs made or yet to be made
2.
Expense of temporary housing incurred during the repairs.
3.
Reduction in market value as a result of defect.
4.
The loss of the use of all or part of the residence.
5. The reasonable value of any other property damaged by the
constructional defect
6. Any additional costs
reasonably incurred by the claimant, including, but not
limited to, any costs and fees incurred for the retention of
experts to:
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Sources:
Legiscan
Open Stats
Nevada Legislature
NFIB
By Jack
River
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