HAR §15-308-172
HAR §15-308-172. Applicability
Cite as Haw. Code R. § 15-308-172
This subchapter
shall apply to all lots developed and leased by the
corporation and designated for lower cost and market
housing, and for which lands and funds were used to
meet the goals and obj ectives ° RFovidiuS affordable
housing .
(Eff 1 /15/22 ; comp
DEU 1 0 2022 1
(Auth :
HRS §20 1H-4 )
( Imp :
HRS §S2 0 1H-5 , 2 0 1H-9 , 2 0 1H-1 2 ,
2 0 1H-1 5 , 2 01H-22 )
S15-308-173
Administration of residential
leases .
( a )
The corporation shall review
applications submitted by lessees for assignment or
transfer of leases and subleases , when applicable .
(b)
As applicable , a purchaser of a residential
lease shall meet the following eligibility
requirements :
( 1 )
The purchaser shall be a qualified resident ;
3 0 8 - 5 4
(2)
The purchaser shall not be delinquent in any
obligation to the State or any county
government, and shall not have had a
previous contract cancelled due to default;
(3)
If the lot is vacant, the purchaser shall
demonstrate the financial ability to
construct a house within two years of the
lease execution date; and
(4)
The purchaser shall provide state and
federal tax clearances.
(c)
The corporation shall establish lease rents
and shall initiate the renegotiation of lease rents at
the reopen period as stated in the lease agreement.
(d)
Lease terms shall begin on the same date for
all units in a project, when possible.
(e)
The corporation shall terminate a lease when
a lessee fails to cure the default of any condition of
the lease or violation of this chapter, using the
following procedure:
(1)
Lessees shall be sent a written notice of
default;
(2)
The mortgagee of record shall be sent a copy
the notice of default; and
(3)
Lessees shall be required to vacate the
premises of the leased property upon
termination of the lease.
(f)
The corporation's consent shall be required
prior to any assignment or transfer of leases and
subleases, if allowed, according to the terms of the
lease agreement.
[Eff 1/15/22; am and
comp
OEC 1 0
] (Auth: HRS §201H-4)
(Imp:
HRS
§§201H-5, 201H-9, 201H-12, 201H-15, 201H-22)