HRS §516-65
Tenant's right to extend a lease to 55 years
During the first 20 years of a lease, the tenant can extend it to 55 years by giving written notice to the landlord, but only if certain conditions are met. The extension must be for mortgaging the lease, the tenant must not be in default, and a service charge must be paid. This only applies to leases signed after June 24, 1967.
landlordstenants
The statute, as written — Extension
From time to time during the first twenty years of the term of any lease, the lessee shall have the right to extend the lease term to fifty-five years, commencing on the first day of the calendar month in which the lessee gives written notice thereof to the lessor, subject to the following conditions: (1) At the time the right to extend the lease is exercised, the unexpired term of the lease is less than fifty years; (2) The extension is for the purpose of mortgaging the leasehold interest; (3) The lessee is not then in default in any respect under the lease; and (4) The notice is accompanied by payment of a reasonable service charge. This section applies only to leases executed and effective subsequent to June 24, 1967.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.