Hawaii Revised Statutes 186-1 – Definitions
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Terms Used In Hawaii Revised Statutes 186-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
When used herein:
“Board” means the board of land and natural resources.
“Department” means the department of land and natural resources.
“Owner” shall include any person leasing the real property of another under a lease having a stated term of not less than thirty years.
“Stumpage value” means the value that a willing buyer will pay to a willing seller per thousand board feet for trees standing and uncut. This value shall not include logging costs.