Section 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.Haw. Code R. § 15-308-173
[Eff 1/15/2022] (Auth: HRS § 201H-4) (Imp: HRS §§ 201H-5, 201H-9, 201H-12, 201H-15, 201H-22)