Haw. Code R. § 15-308-129

Current through November, 2024

Section 15-308-129 - Failure to reoccupy

Failure to reoccupy the dwelling unit by the owner at the end of the temporary waiver period shall be sufficient reason for the corporation, at its option:

(1) To purchase the unit as provided in section 201H-47, HRS, as applicable. In this situation, the owner shall not receive more than the maximum to which the owner would be entitled under section 201H-47, HRS; or

(2) Demand the full payment for the shared appreciation equity restriction. The corporation has the right to verify the owner's failure to occupy.

Haw. Code R. § 15-308-129

[Eff 1/15/2022] (Auth: HRS §§ 201H-4, 201H-49) (Imp: HRS § 201H-49)

Am and comp 12/10/2022