Hawaii Revised Statutes 514E-7 – Maintenance charges
Terms Used In Hawaii Revised Statutes 514E-7
- Project: means :
(1) An individual condominium project;
(2) Two or more contiguous condominium projects that have been merged and for administrative purposes operate as a single condominium project;
(3) An individual cooperative housing project;
(4) An individual subdivision of single-family homes subject to one or more project instruments; or
(5) An individual subdivision of townhomes subject to one or more project instruments. See Hawaii Revised Statutes 514E-1
- Transient vacation rentals: means rentals in a multi-unit building to visitors over the course of one or more years, with the duration of occupancy less than thirty days for the transient occupant. See Hawaii Revised Statutes 514E-1
If time share units, or transient vacation rentals are located in the same project as private residential units, charges for the maintenance of common elements assessed against time share and transient vacation rental units may exceed the charges assessed against other units by as much as fifty per cent; provided that such charges do not exceed those assessed against units in the project accommodating transient vacationers with stays of thirty days or less, and such charges are in proportion to extra maintenance expenses actually attributable to the time share and transient vacation rental units.