Hawaii HB276 exempts homeowners who subdivide their property into two units from annual reporting and fee requirements if they reside in one unit.
Hawaii HB276 modifies the annual reporting and fee requirements for condominium developers. Specifically, it exempts homeowners who subdivide their property into two units from the obligation to file annual reports and pay a $50 fee if they reside in one of the units and the other unit has been sold. This change aims to alleviate the burden on homeowners who develop their property into two units and permanently reside in one of them.
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