condominiums; construction defects; actions; procedures

SB 1450 sets time limits for lawsuits about construction defects in Arizona, primarily affecting condo owners, developers, and contractors. It establishes an 8-year deadline from substantial completion for most properties (reduced to 5 years for condos under Title 33), with a one-year window to sue for hidden defects discovered later (capping total claims at 9 years for standard properties or 6 years for condos). The law excludes personal injury claims and does not override express warranties. It clarifies that "substantial completion" is defined by when a property is first used, available for use, or passes final inspection.