Does Not Updating To Chapter 514B Dissolve My Condo?
The Real Estate Branch has heard various form of this question since the repeal of Chapter 514A, HRS.
The failure of a condominium developer to transfer their project into chapter 514B, HRS, does not dissolve, terminate, or otherwise legally end the condominium. That failure of a developer to transfer into chapter 514B, HRS, however, does require the developer to re-register the project to sell developer owned units. Units purchased in an arm’s length transaction from the developer, or purchased from prior purchasers are not impacted and can sell their units pursuant to chapter 508D, HRS, which is the mandatory seller disclosures in real estate transactions. The repeal of chapter 514A, HRS, has no legal impact upon sellers who fall under chapter 508D, HRS.
For more information, please review our resource page on the repeal of chapter 514A, HRS.
4/3/25