Bill > HB0734

This bill modifies Tennessee's statute of repose for legal actions related to real property improvements by changing the existing law to specify that all legal actions, arbitrations, or binding dispute resolution proceedings seeking damages for deficiencies in design, planning, supervision, construction, or property-related injuries must be brought within four years after substantial completion of an improvement. Importantly, the bill introduces a new provision that allows parties filing a counterclaim, third-party complaint, or cross-claim related to the design, planning, supervision, or construction of a real property improvement to be exempt from the four-year statute of repose. A statute of repose is a legal term that sets a maximum time limit for filing certain types of claims, after which legal action can no longer be initiated, regardless of when the injury or defect was discovered. This amendment provides more flexibility for parties involved in construction and property improvement disputes by extending the timeline for filing certain types of claims. The bill is set to take effect on July 1, 2025, giving stakeholders time to understand and adapt to the new legal provision.

Justice

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0734&ga=114