Hawaii SB1206 allows associations in zoning districts permitting transient vacation rentals to assess impact fees on unit owners.
Hawaii SB1206 amends the Hawaii Revised Statutes to allow the board of directors of associations in zoning districts that permit transient vacation rentals to assess impact fees on unit owners using their units for such rentals. The fees collected will be used for maintenance and repair of common elements, enhanced security measures, administrative costs related to monitoring and regulating transient vacation rentals, and insurance costs. The board must establish clear procedures for assessing, collecting, and using these fees, including penalties for noncompliance.
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