Hawaii HB1711 amends rental agreements to allow renters to purchase units at a fixed price within a five-year option period.

Hawaii HB1711 modifies the rental agreement process by fixing the sales price at the beginning of the rental term and allowing renters to purchase the unit during a five-year option period. If the renter does not purchase the unit within this period, they forfeit the right to continue living there, and the unit becomes available to another purchaser or renter. The bill repeals the previous five-year option period and establishes a new fixed-price option.

Hawaii HB1711 amends rental agreements to allow renters to purchase units at a fixed price within a five-year option period.

Hawaii HB1711 modifies the rental agreement process by fixing the sales price at the beginning of the rental term and allowing renters to purchase the unit during a five-year option period. If the renter does not purchase the unit within this period, they forfeit the right to continue living there, and the unit becomes available to another purchaser or renter. The bill repeals the previous five-year option period and establishes a new fixed-price option.