I, the developer have sold all the units. What obligations do I have now?
Congratulations on your final sale! However, you still have a few obligations as your time as developer ends:
Please file your annual report with the Commission noting that all units have been sold. You now have no obligation to update the Developer’s Public Report.
Set up the association’s required bank accounts, insurance, and other requirements to create and operate the association if you have not already done so.
Turn over control of the association to the owners if you have not already done so pursuant to section 514B-102, HRS, and review any remaining developer rights you may have.