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Condo Facts:


The Condominium Property Act was substantially rewritten and updated as HRS Chapter 514B with an effective date of July 1, 2006 (this process was called the recodification). However, not all of the provisions of 514B apply to condominium associations that were created before the effective date. That means that older condominiums were governed under both 514A and 514B unless the association “opted-in” to the new law. In order to opt-in more fully to 514B, owners must approve an amendment to the Declaration which requires approval of owners holding a majority of the common interest.

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