HB 243 Summary

• Repeals chapter 514A (Hawaii Revised Statutes) governing condominium property regimes created before July 1, 2006, consolidating all condominium regulation under chapter 514B.

• Amends chapter 514B to apply to all condominiums in Hawaii, provided such application does not invalidate existing developer reserved rights in constituent documents.

• Removes references to repealed chapter 514A throughout Hawaii Revised Statutes in sections covering real estate, taxation, foreclosure, and condominium-related provisions.

• Grants developers of pre-July 1, 2006 condominium projects until January 1, 2019 to register projects under chapter 514B; upon effective public report issuance, projects transition to full chapter 514B governance.

• Effective January 1, 2019; consolidates condominium law to eliminate confusion from maintaining two separate statutory chapters with different requirements.