Haw. Code R. § 10-7-21

Current through September, 2024
Section 10-7-21 - Unoccupied units
(a) The department shall use all due diligence to fill developed units that become unoccupied. The department shall not be responsible for assessments due on those units unless the assessments lost due to the number of empty units threatens the viability of the association.
(b) An association with unoccupied units shall report annually to the department regarding income and projected economic viability. If economic viability is threatened, the association may request payment of future assessments from the department until the empty units are filled. Such request is subject to approval by the commission. If approved, amounts due shall accrue from the date of receipt by the department, as indicated on the date and time stamp, of the request from the association.

Haw. Code R. § 10-7-21

[Eff AUG 17 2019] (Auth: HHC Act §222) (Imp: HHC Act §207.5)