HAR §4-153-34. Notice of breach or default

Except as otherwise specifically provided in this chapter, in the event of a breach or default of any term, covenant, restriction, or condition of any agricultural park lease issued under this chapter, the board shall deliver a written notice of the breach or default by personal service or by registered or certified mail to the party in default and to each holder of record having any security interest in the land covered by or subject to the lease, making demand upon the party to cure or remedy the breach or default within sixty days from the date of receipt of the notice; provided that where the breach involves a failure to make timely rental payments, including the payment of additional rents due, pursuant to the lease §4-153-35 153-39 issued under this chapter, the written notice shall include a demand upon the party to cure the breach within less than sixty days, but not less than five business days, after receipt of the notice. Upon failure of the party to cure or remedy the breach or default within the time period provided in this section or within such additional period as the board may allow for good cause, the board may, subject to section 4-153- 35, exercise the rights it may have at law or as set forth in the lease. [Eff 3/6/92; comp ] (Auth: HRS §§166-6, 166-9) (Imp: HRS §§166-6, 166-9, 171-20)