HI HB832

Prohibits landlords from resetting rent on long-term commercial leases above a level that is economically viable for the tenant's actual use of the property, including allowing for the tenant's return on investment for improvements they made

Requires landlords to compensate tenants upon lease termination for the value of buildings, infrastructure, and businesses the tenant created that remain on the property and are retained by the landlord

Grants commercial tenants operating businesses on leased land the right to purchase the property in fee simple at fair market value, based on the tenant's current use of the land

Allows any party aggrieved by an arbitration decision regarding lease valuations to appeal to circuit court for a full trial de novo, regardless of arbitration provisions in the lease

Addresses concentrated land ownership in Hawaii that the legislature finds has artificially restricted land availability, driven up costs, and harmed local businesses and workers