Hawaii Revised Statutes 514B-83 – Developer’s public report
Terms Used In Hawaii Revised Statutes 514B-83
- Commission: means the real estate commission of the State. See Hawaii Revised Statutes 514B-3
- Common elements: means :
(1) All portions of a condominium other than the units; and
(2) Any other interests in real estate for the benefit of unit owners that are subject to the declaration. See Hawaii Revised Statutes 514B-3
- Completion of construction: means the earliest of:
(1) The issuance of a certificate of occupancy for the unit;
(2) The date of completion for the project, or the phase of the project that includes the unit, as defined in section 507-43;
(3) The recordation of the "as built" amendment to the declaration that includes the unit;
(4) The issuance of the architect's certificate of substantial completion for the project, or the phase of the project that includes the unit; or
(5) The date the unit is completed so as to permit normal occupancy. See Hawaii Revised Statutes 514B-3
- Contract: A legal written agreement that becomes binding when signed.
- conversion: means the submission of a structure to a condominium property regime more than twelve months after the completion of construction; provided that structures used as sales offices or models for a project and later submitted to a condominium property regime shall not be considered to be converted structures. See Hawaii Revised Statutes 514B-3
- county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
- Declaration: means any instrument, however denominated, that creates a condominium, including any amendments to the instrument. See Hawaii Revised Statutes 514B-3
- Developer: means a person who undertakes to develop a real estate condominium project, including a person who succeeds to the interest of the developer by acquiring a controlling interest in the developer or in the project. See Hawaii Revised Statutes 514B-3
- Development rights: means any right or combination of rights reserved by a developer in the declaration to:
(1) Add real estate to a condominium;
(2) Create units, common elements, or limited common elements within a condominium;
(3) Subdivide units, combine units, or convert units into common elements;
(4) Withdraw real estate from a condominium;
(5) Merge projects or increments of a project; or
(6) Otherwise alter the condominium. See Hawaii Revised Statutes 514B-3
- Project: means a real estate condominium project; a plan or project whereby a condominium of two or more units located within the condominium property regime are created. See Hawaii Revised Statutes 514B-3
- Unit: means a physical or spatial portion of the condominium designated for separate ownership or occupancy, the boundaries of which are described in the declaration or pursuant to § 514B-35, with an exit to a public road or to a common element leading to a public road. See Hawaii Revised Statutes 514B-3