Hawaii Execution of Lease by Less Than All Lessors

State:
Multi-State
Control #:
US-OG-791
Format:
Word; 
Rich Text
Instant download

Description

This lform provides that a lease is binding on the lessors that sign even if all the lessors do not sign the release.

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FAQ

When the term expires the land reverts to the lessor and all ownership rights are canceled (your property reverts to the landowner). Most leases have renegotiation dates where the land lease amount is renegotiated for another set term.

Hawaii, for example, only has the country's fourth-most expensive land on a per-acre basis. But in terms of the cost of a lot for sale, Hawaii tops the list with an incredible average price of $983,707. This is in comparison to the U.S. average of just $316,606.

In Hawaii, a landlord cannot sell, give away, or throw out a tenant's abandoned property without providing a tenant a notice and then wait for fifteen days. (See: Hawaii Revised Statutes § 521-56.) Hawaii forbids landlords from taking the law into their own hands.

Therefore, much of the Konohiki land was sold and managed by trusts like the Queen Emma Foundation, Liliuokalani Trust, and Bishop Estates. These trusts would then lease the lands; thus Hawaii had many leasehold properties historically.

Leasehold Hawaii properties date back to the early 1800s when all the land in Hawaii belonged to one owner ? King Kamehameha III. The Great M?hele of 1848 divided all the King's land into ownership under three main groups: the Konohiki (headmen of the ahupua'a, or land divisions), the King, and the Royal Government.

In most situations your landlord does not need to give you a reason (although acting on discriminatory or retaliatory motives is illegal). A landlord can simply give you a written notice to move, allowing you 45 days as required by Hawaii law and specifying the date on which your tenancy will end.

In summary, non-Hawaiians can legally own land in Hawaii, though there are some restrictions in place to protect native Hawaiians. While buying Hawaii real estate as an outsider comes with challenges, respecting local culture and building community relationships can go a long way.

The Hawaii State Government. Of the approximately 4 million acres of land in Hawaii, the state government owns most of this.

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Hawaii Execution of Lease by Less Than All Lessors