My Condo Development is Five Units, Do We Have To Register Our Association?

Pursuant to section 514B-103, HRS, only projects or associations with more than five units must register their association and maintain fidelity bonding. Thus, projects or associations with five or fewer units do not register their associations.

Should a number of small projects merge their associations and reach the six unit threshold, then the association would be required to register and maintain fidelity bonding.

9.3.25