Hawaii HB972 allows associations to assess impact fees on transient vacation rentals to cover maintenance, security, administrative, and insurance.
Hawaii HB972 amends the Hawaii Revised Statutes to permit associations in zoning districts that allow transient vacation rentals to assess impact fees on unit owners using their units for transient vacation rentals. These fees are intended to cover maintenance and repair of common areas, enhanced security measures, administrative costs related to monitoring and regulating transient vacation rentals, and insurance costs.
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