Amends Florida law to revise the statute of limitations for actions based on improvements to real property.

This bill amends Florida Statutes to revise the time in which an action founded on the design, planning, or construction of an improvement to real property shall be commenced. It redefines the term "completion of the contract" and specifies the latest date by which an action must be commenced. The bill also clarifies that each building in a construction project must be considered its own improvement for determining the limitations period. The changes apply to actions involving latent defects and those performed under warranty or otherwise.

Amends Florida law to revise the statute of limitations for actions based on improvements to real property.

This bill amends Florida Statutes to revise the time in which an action founded on the design, planning, or construction of an improvement to real property shall be commenced. It redefines the term "completion of the contract" and specifies the latest date by which an action must be commenced. The bill also clarifies that each building in a construction project must be considered its own improvement for determining the limitations period. The changes apply to actions involving latent defects and those performed under warranty or otherwise.