Haw. Code R. § 15-308-173 - Administration of residential leases
(a) The corporation
shall review applications submitted by lessees for assignment or transfer of
leases and subleases, when applicable.
(b) As applicable, a purchaser of a
residential lease shall meet the following eligibility requirements:
(1) The purchaser shall be a qualified
resident;
(2) The purchaser shall
not be delinquent in any obligation to the State or any county government, and
shall not have had a previous contract cancelled due to default;
(3) If the lot is vacant, the purchaser shall
demonstrate the financial ability to construct a house within two years of the
lease execution date; and
(4) The
purchaser shall provide state and federal tax clearances.
(c) The corporation shall establish lease
rents and shall initiate the renegotiation of lease rents at the reopen period
as stated in the lease agreement.
(d) Lease terms shall begin on the same date
for all units in a project, when possible.
(e) The corporation shall terminate a lease
when a lessee fails to cure the default of any condition of the lease or
violation of this chapter, using the following procedure:
(1) Lessees shall be sent a written notice of
default;
(2) The mortgagee of
record shall be sent a copy the notice of default; and
(3) Lessees shall be required to vacate the
premises of the leased property upon termination of the
lease.
(f) The
corporation's consent shall be required prior to any assignment or transfer of
leases and subleases, if allowed, according to the terms of the lease
agreement.
Notes
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