§514A-103 - Designation of residential apartments. - Hawaii Statutes

     §514A-103  Designation of residential apartments.  (a)  The developer of any project containing residential apartments shall designate at least fifty per cent of the apartments for sale to prospective owner-occupants pursuant to section 514A-105.  The designation shall be set forth either in the public report or in the announcement or advertisement required by section 514A-102, and may be set forth in both.  The apartments shall constitute a proportionate representation of all the residential apartments in the project with regard to factors of square footage, number of bedrooms and bathrooms, floor level, and whether or not the apartment has a lanai.

     (b)  A developer shall have the right to substitute an apartment designated for owner-occupants with an apartment that is not so designated; provided that the apartments are similar with regard to factors enumerated in subsection (a).  The substitution shall not require the developer's submission of a supplementary public report. [L 1980, c 189, pt of §2; am L 1985, c 164, §5; am L 1992, c 50, pt of §2; am L 2000, c 210, §4]