Requirements for binding sales contracts; purchaser's right to cancel
- Statute:
- Hawaii §514B-86 · Chapter CONDO (Hawaii Condominium Property Act (HRS Chapter 514B))
- Topic:
- Records & Disclosure · Purchaser protection
- Applies to:
- Condo associations
(a) No sales contract for the purchase of a unit from a developer shall be binding on the developer, prospective purchaser, or purchaser until: (1) The developer has delivered to the prospective purchaser: (A) A true copy of the developer's public report, including all amendments with an effective date issued by the commission.
📄 Read the official text at capitol.hawaii.gov →
How SoShiny helps with Requirements for binding sales contracts; purchaser's right to cancel
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does Hawaii §514B-86 require?
- (a) No sales contract for the purchase of a unit from a developer shall be binding on the developer, prospective purchaser, or purchaser until: (1) The developer has delivered to the prospective purchaser: (A) A true copy of the developer's public report, including all amendments with an effective date issued by the commission.
- Who does Hawaii §514B-86 apply to?
- Hawaii §514B-86 applies to Condo associations in Hawaii.
- What happens if our condo doesn't comply with §514B-86?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Hawaii community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Hawaii §514B-86?
- The official text is published by the Hawaii State Legislature at capitol.hawaii.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Requirements for binding sales contracts; purchaser's right to cancel?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of Hawaii §514B-86 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Hawaii-licensed attorney. For the official statutory text, see the link above.
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