HRS §516-33.5
Deposits required from leaseholders buying their lots
The corporation can ask a leaseholder who wants to buy their residential lot to put down a deposit. The deposit amount is set by rule, and any interest earned on it goes to the leaseholder. The corporation can use the deposit to pay certain costs, and the rest goes toward the purchase price.
landlordstenants
The statute, as written — Deposits by lessees
(a) The corporation may require the submission of a deposit by any lessee applying to the corporation for the purchase of a residential lot under this chapter. The amount of the deposit shall be established by rule. All interests earned on deposits submitted by lessees shall accrue to the lessees. (b) The deposit may be applied by the corporation to payment of appraisal, survey, attorney fees, and any other cost the corporation has incurred as a result of the designation, with the remainder of the deposit to be applied toward the purchase of the owner's fee interest. The corporation shall incur no liability for such deposits under this section.
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