HAR §15-316-20. Rental requirements

(a) During the period that the participant rents the unit, the following shall apply: (1) The participant shall learn the responsibilities of homeownership and begin to save money toward the purchase of the unit by participating in a homeownership counseling course approved by the corporation; (2) The corporation shall have the right to verify on an annual basis that the participant is making sufficient progress, as measured by the participant's financial worksheet from the homeownership counseling course. Progress may include demonstrated improvement in credit score, reduction in total debt, or other financial indicators specified in the worksheet. If it is determined that the participant is not making sufficient progress in accordance with the participant's financial worksheet, the corporation shall have the right to terminate the contract and offer the unit to another potential purchaser, with all rental amounts paid to date being forfeited; and (3) The participant shall perform minor maintenance on the dwelling unit, with major maintenance being provided by the corporation or the owner of the project, if the owner is other than the corporation. (b) Units shall be rented under the rent-to-own program in accordance with all applicable state and federal fair housing laws. [Eff ] (Auth: HRS §§201H-4, 201H-181)(Imp: HRS §§201H-8, 201H-181)