SB 799 Summary

• Amends the definition of "residential unit" in Hawaii condominium law to exclude units in projects where time share use is permitted under section 514E-6.

• Increases the minimum percentage of residential units that must be offered for sale to prospective owner-occupants from 50% to 90% during the initial 30-day sales period following a condominium project's launch.

• Requires the 90% owner-occupant allocation to constitute a proportionate representation across factors including square footage, bedrooms, bathrooms, floor level, and lanai presence.

• Applies the 90% owner-occupant requirement to both new projects and existing structures being converted to condominium status, with conversions requiring first offer to current occupants who submit affidavits and earnest money deposits.

• Takes effect on December 1, 2050.