SB292 Summary

• Repeals chapter 514A, Hawaii Revised Statutes, consolidating all condominium law under the single chapter 514B effective January 1, 2019

• Applies chapter 514B to all condominiums in Hawaii, provided existing governing documents remain valid if invalidating them would violate developer reserved rights or the Contracts Clause

• Removes all references to chapter 514A from Hawaii Revised Statutes across 44 affected sections, including provisions related to taxation, real estate licensing, land registration, and foreclosure procedures

• Treats active chapter 514A developer public reports as non-expiring chapter 514B reports; requires pre-July 1, 2006 projects without active reports to revise governing documents and register under chapter 514B

• Maintains validity of all condominiums previously created under chapter 514A while establishing 514B as the unified governing statute for all condominium property regimes statewide