HI HB1338

Prohibits landlords from terminating tenancies without "just cause" after a tenant has continuously occupied a unit for 12 months, with just cause defined as either tenant fault (non-payment, lease violations, criminal activity) or landlord reasons (owner occupancy, property withdrawal, demolition, substantial remodeling, condo conversion, or vacation rental conversion).

Requires landlords to provide relocation assistance equal to one month's rent or waive the final month's rent when terminating a tenancy for no-fault just cause, with assistance to be paid within 15 days of notice.

Limits annual rent increases to 2% plus the percentage change in cost of living (excluding housing costs), with a maximum cap of 7%, and restricts rent increases to no more than two times per 12-month period for the same tenant.

Establishes the Hawaii Rent Board composed of 7 members (3 landlords, 3 tenants, 1 neutral party) to oversee rent adjustments, conduct rental arbitration and mediation hearings, investigate wrongful evictions, and publish a tenant bill of rights.

Creates a rent stabilization special fund financed by annual fees assessed on rental units to support the Hawaii Rent Board's operations; requires landlords to provide tenants with the tenant bill of rights upon lease application.