Real Estate Branch

HRS §514B-148(e) states that except in emergency situations, or with the approval of a majority of the unit owners, a board may not exceed its total adopted annual operating budget by more than twenty per cent during the fiscal year to which the budget applies. HRS §514B-148(h) defines “emergency situation.”  If a dispute arises with regard to exceeding the annual budget, you may resolve it through mediation or arbitration, or by consulting with a private attorney.

8/19/24