Statutes > Washington Statutes > Title 64 - Real property and conveyances > 64.35 - Condominiums -- Qualified warranties. > 64.35.120 - Change of ownership -- Coverage transfers.

64.35.120 - Change of ownership -- Coverage transfers.

Change of ownership — Coverage transfers.

(1) A qualified warranty pertains solely to the unit and common elements for which it provides coverage and no notice to the qualified insurer is required on a change of ownership.

     (2) All of the applicable unused benefits under a qualified warranty with respect to a unit are automatically transferred to any subsequent owner on a change of ownership.

[2004 c 201 § 1801.]