May 20, 2007: 9:11 pm: Richard S. EkimotoLegislation
Reenacting of Portions of Old Condominium Act (514A) Passes Legislature
On April 26, 2007, the Legislature passed Senate Bill No. 1704 CD1. The bill would amend Hawaii Revised Statutes Chapter 514A by re-enacting Parts I, V, and VII of the old Act. The legislature accidentally deleted these parts of HRS Chapter 514A. As I explained, even when portions of the new Condominium Property Act (514B) are normally automatically applicable to existing condominiums, they still may not apply. Specifically, the statutory sections listed above are automatically applicable to existing condominiums unless:
- you are dealing with an event or circumstance occurring before July 1, 2006;
- It conflicts with the existing provision of one of the condominium documents and the conflict would invalidate a reserve right of a developer; or
- It conflicts with the existing provision of one of the condominium documents and the conflict would be an unreasonable impairment of contract.
Deleted, “The bill is awaiting the governor review.” and added provisions about Act 244.