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Honolulu Leasehold Condominium Conversion Law

From dKosopedia

A law passed by the Honolulu City Council in 1991 to help leasehold owner-occupants gain title to the land under their units is know as “Chapter 38”. The law allows condominium owner-occupant lessees to petition the city to use its condemnation powers to compel a landowner to sell the fee interests on their units at prices determined by a third party.

Alii trusts, foundations and small landholders that receive revenue from leasehold condominiums fear loss of revenues. The Council voted 6-3 on January 26, 2005 to repeal the mandatory lease-to-fee conversion law known as Chapter 38. How the Council voted:

For repeal:

Against:


Mayor Mufi Hannemann, on February 9, signed into law the bill repealing "Chapter 38".

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This page was last modified 00:30, 5 May 2006 by dKosopedia user Jbet777. Based on work by dKosopedia user(s) Allamakee Democrat. Content is available under the terms of the GNU Free Documentation License.


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