Hawaii Real Estate Legal Forms

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Commonly Asked Questions about Hawaii Real Estate Legal Forms

What is a CPR in rent?

Condominium Property Regime (CPR) is a type of ownership and governing process that is created when real property is submitted to the condominium property regime. Its a process that you may have heard as CPR-ing a property.

Does a property manager need a real estate license in Hawaii?

In the State of Hawaii, a real estate license is required to sell, buy, lease, and manage real property. The law provides an exception for individuals, and an individual can sell, buy, lease, and manage his/her own property without a real estate license.

What is the primary purpose of the Declaration of condominium property Regime?

The declaration and its amendments are the controlling documents that create and define a condominium project and divide the property into separate units and their appurtenant common elements, including limited common elements (514B-4(a)).

How do I get a deed to my house in Hawaii?

Q Get a copy of my deed? You can search for a deed at the Bureau of Conveyances (BOC) official public records search site. For additional questions, please contact the BOC at (808) 587-0154.

What does CPR stand for in real estate?

What is a CPR and Should You Buy One? CPR stands for Condominium Property Regime. A CPR is a legal mechanism for dividing property into two or more separate units of ownership. Each CPR unit has its own separate fee simple ownership (deed) and TMK number and can be separately sold or leased.

What is a CPR in Hawaii real estate?

This means the property is a Condo and will have some condo documents. CPR homes can still be Single Family detached homes, it does not mean the home is connected to another home, although it could also be connected.

What is the real property disclosure law in Hawaii?

Disclosure Law in Hawaii for Home Sales 508D is the relevant statute. It says, at 508D-4 and 508D-5 that no one may sell residential real property without signing and dating a disclosure statement within the six months before or ten calendar days after accepting a prospective buyers real estate purchase offer.