Current through November, 2024
Section 15-305-35 - Appraisal fee(a) The executive director may assess and collect from the lessees who have indicated a desire to acquire the leased fee interest in their residential lots an amount reasonably necessary for the services of an appraiser or appraisers contracted by the executive director to determine the owner's basis of the leased fee interest to be acquired. The appraisal fee shall be included in the initial deposit and additional deposit required by section 516-33.5, HRS, and section 15-305-11.(b) Each lessee failing to pay any fee assessed in subsection (a) within thirty calendar days after written notice to pay such fee may be prohibited from acquiring the leased fee interest of the lessee's lot pursuant to chapter 516, HRS. . [Eff JUN 15 2007] (Auth: HRS § 516-7) (Imp: HRS § 516-7)