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Hawaii

/ Owner - June 21, 2012

Hawaii Condominium & Homeowner Association News

  • Rising insurance costs push aspiring condo buyers into a tough spot (HI) April 26, 2024
    Housing affordability is getting squeezed by a new pressure — the cost of insurance.  At a recent residential real estate roundtable held by Pacific Business News, industry leaders expressed concerns that soaring insurance costs are pushing home ownership further out of reach for many.  The condo market is getting hit especially hard.   Read the article…………………………….
  • Residential community will be the first with onsite greywater recycle/reuse system (HI) April 22, 2024
    After receiving approval from the Hawaii Department of Health and the City and County of Honolulu, Kuilei Place, a new condominium development in Diamond Head, Waikiki and Kaimuki, will be the first of its kind in the state with its own onsite greywater treatment recycle and reuse system.   Read the article…………………………….
  • Hawaii’s Insurance Crisis as Premiums Nearly Quadruple April 18, 2024
    Sue Savio, president and owner of Insurance Associates and former president of the Hawaii Independent Insurance Agents Association, told Insurance Business America that insurance costs for condominiums have risen by 100 percent to 1,000 percent in certain areas.  Cj Paet, vice president of operations for Cadmus Properties, told local news website KITV 4 Island News that premiums for one condominium in the Piikoi area managed by his company have jumped from $70,000 to $270,000 a year.    Read the article…………………………….
  • Bill advances to give condo owners a new way to buy into rooftop solar (HI) April 10, 2024
    Condo owners may have a new pathway to access benefits from rooftop solar.  The Hawai?i Senate is considering a bill to create a Solar Hui Program, allowing multi-family property owners to pay into a collective investment fund that would go towards energy projects and loans.   Read the article…………………………….
  • Judge orders luxury Kaua?i vacation condo project to pause construction (HI) March 21, 2024
    Construction on a luxury vacation condominium project on Kaua?i’s south shore is now on hold.  Last week, a judge ordered a 10-day work stoppage for the Kauanoe O K?loa project, a 279-unit development that has received backlash from members of the Native Hawaiian community.    Read the article…………………………….
  • House Speaker Saiki warns looming condo insurance crisis could snowball (HI) March 20, 2024
    Condo owners are facing soaring insurance premiums as companies across the country cancel coverage due to growing risks from climate change. That was the topic of a recent town hall meeting on O?ahu hosted by state lawmakers whose districts largely comprise condo dwellers.   Read the article…………………………….
  • Lawmakers Advance Bill To Stabilize Soaring Insurance Costs For Condo Owners (HI) March 19, 2024
    Hawaii lawmakers are seeking to stabilize Hawaii’s condominium insurance market against sharply rising premiums and a declining availability of hurricane insurance that has sent ripples through Hawaii’s housing market.   Read the article…………………………….

Hawaii News Archives

Hawaii Condominium & Homeowner Association Articles

  • A Proposal To Overhaul Condominium Management (HI)
    A mid-20th century vignette: A young man stands in tall grass, hands in his pockets, gazing wistfully at an empty diner.  Though condominium living, emerging at around that period, is not exactly the cherished tradition that restaurant diner culture was back then, it will go the way of the abandoned diner cars, if the current troubled state of management isn’t replaced.   Read the article…………………………..
  • From Tragedy Comes Opportunities to Give Back
    Sometimes, a small gesture of kindness and community can mean a lot to those affected by natural disasters. Following the deadly wildfires that tore through the historic town of Lahaina, Hawaii, in early August, many in the community association industry wanted to show their support to Maui homeowners displaced by the fires. The wildfires are considered to be the deadliest in modern U.S. history, according to The Washington Post.   Read the article……………………………..
  • Pros and Cons of Buying a Condo in Hawaii
    If you dream of waking up with a view of the Honolulu skyline from your 42nd floor lanai, or downsizing to a smaller living space to retire in paradise, buying a condo in Hawaii is an investment to consider. List Sotheby’s International Realty, one of the Islands’ premier real estate agencies, has helped many prospective homeowners find the right condominium for their lifestyle.    Read the article……………………………….
  • What you should know about the AOAO (HI)
    Living in Hawaii is, in many ways, similar to living in any other state. Aside from the gorgeous white sand beaches and laidback atmosphere, people work, shop, socialize and even pay association fees.  There are three major types of community associations in the State of Hawaii—condominiums, planned communities (HOAs), and cooperatives. Each type of property has various rules, offerings and expectations.    Read the article………………………..
  • Aging condominiums: Background reading
    With the interest shown in the last couple of posts on condominium issues, I grabbed a few published articles that contain useful information or perspectives. What’s clear is that the issues created by aging condominiums are by no means unique to Hawaii. They are being experienced in all areas where condominiums have been built.   Read the article………………………..
  • What’s the life span of a high rise condo in Hawaii?
    Here’s a new point worth considering as many of Oahu’s condominium buildings reach 40 years or older: What happens when a condo becomes economically untenable in the face of falling property values caused by mounting maintenance fees that can’t keep up with the cost of needed repairs and maintenance? We need a discussion of procedures appropriate for condominium that reach the end of their useful life.   Read the article………………………..
  • Hawaii condo law does provide for “termination” of a condominium
    I did a little more research this morning, and found Hawaii’s condominium law (Chapter 514B HRS) does include a provision for terminating a condominium, found in Section 514B-47.  The process is spelled out in the statute, and there are several ways for a condominium as a legal entity can be dissolved.   Read the article………………………..

Hawaii Article Archives

 

Hawaii Laws

514B Condominiums

514C Lease to Fee Conversions for Condominiums and Cooperative Housing Corporations

514E Time Sharing Plans

Hawaii Condominium & Homeowner Association Resources

Resources for Condominium Owners & Boards of Directors

Ownership in a condominium is different from other forms of ownership. A condominium is a form of ownership shared with others rather than a particular structure and many types of property can be in a condominium project, such as residential high rises, townhomes, single family homes, warehouses, commercial offices, harbor slips, and farms. This type of ownership comes with unique sets of organization and management, with an association of units owners (AOUO) governing project. The Real Estate Commission and Branch have produced a large number of brochures, guides, flyers, and videos to help condominium unit owners understand their rights and responsibilities. The Real Estate Commission and Branch also maintain a public searchable online database of Developer’s Public Reports and an association contact list.

The Hawaii Real Estate Commission released its new “Hawaii Condo Living Guide” video series to help deliver valuable information to current and prospective condominium owners and boards.  The first six educational videos are available online and broken up into a series of short segments for ease of viewing. The commission intends to continue releasing more engaging episodes periodically.      View the videos…………………………………

Department of Commerce and Consumer Affairs (Condominium Section)

Condominium Association Biennial Registration

Community Associations Institute – Hawaii Chapter

Hawaii Condominium & Homeowner Association Blogs

Hawaii Condo Law

 

 

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