HRS §514C-4
Voluntary sale of leased fee interest
This section says that a landlord and a condo owners' association or cooperative housing corporation may agree to sell and buy the leased fee interest (the land under the building) without following the procedures in this part. It does not require or forbid anything—it just allows this kind of deal.
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The statute, as written — Compliance with procedures not required when
Nothing in this part shall prohibit any lessor and association of condominium owners or cooperative housing corporation from agreeing to the sale and purchase of the leased fee interest or any part thereof.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.