180Economic loss suffered by owners corporations and community land associations

180 Economic loss suffered by owners corporations and community land associations

180 Economic loss suffered by owners corporations and community land associations

(1) In this part, an owners corporation or a community land association is taken to suffer economic loss if—

(a) the corporation or association bears the cost of rectifying defects, including damage caused by defects, and

(b) the defects are the subject of a breach of the duty of care imposed under this part.

(2) The economic loss includes the reasonable costs of providing alternative accommodation if necessary.

(3) It is not relevant whether or not the owners corporation or community land association was the owner of the land when the building work was carried out.

(4) This section does not limit the economic loss for which an owners corporation, community land association or owner may claim damages under this part.