Haw. Code R. § 15-308-176 - Sale of leased fee interest of the land
(a) The corporation
may sell the leased fee interest of the land according to the terms of the
lease, or state statutes, as applicable.
(b) The original terms of the lease or
revised terms and conditions mutually agreed upon in writing shall be used to
value the leased fee interest of the land.
(c) The corporation may sell the leased fee
interest of the land for the project, or for individual lots.
(d) The lessee shall pay for all costs to
purchase the leased fee interest of the land.
Notes
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