In Hawaii, creating a Condominium is a preferred, fast, and simple way to increase your property value, by dividing up the entire property into separate sellable Units, while establishing a set of rules and obligations for all the Unit Owners, on how you want the entire property utilized, managed, and maintained from then on.
Condominiums provide a wide variety of benefits and opportunities to the community and local families, such as decreasing rent costs, by providing affordable housing and more available places to rent, the ability to sell portions of your property to finance the building of a new home or the renovation of an existing home, to provide ways in which families can easily divide and gift sections of their property to their keiki or other family members, and the opportunity to pay off burdensome mortgages or personal loans, that in some situations have saved local families from losing their entire property.
A Condominium is created when a single entire property is divided into multiple Units, each Unit can then be separately sold, gifted, or mortgaged, and each individual Unit will have a separate TMK number, property tax assessment, and property value. All Units in a condominium also share a common ownership interest in the portions of the property jointly owned and used by the Unit’s Owners, known as the Common Elements. The Unit Owners are all bound by the rights and obligations dictated in the Declaration, Bylaws, Condo Map, and House Rules, also known as the Controlling Documents. The Unit Owners all have voting rights and are all Members of their Condominium Association, which is responsible for managing the condominium, and maintaining the ability for Unit Owners to enjoy and make use of the Common Elements.
The process of creating a Condominium, usually involves utilizing an experienced team of an Architect, Engineer, Escrow Agent, Real Estate Broker, and an Attorney, along with either the Owner(s) or Lessee(s) of an entire piece of property, known as the Developer.
Condominium Project timeline
UPCOUNTRY LAW has been involved and assisted with the successful completion and approval of many condominium projects, averaging DPR approval with an effective date within 8 to 12 months.
2 PHASE CONDOMINIUM PROCESS
PHASE I – Property Visit and Client Engagement —— Recordation of the Declaration and the Bylaws
PHASE II – Developer’s Public Report Submission —— Developer’s Public Report Approval
If you need your CPR process expedited, please let our office know. In 2025, our office successfully created one of the fastest Condominium Property Regimes ever done in Hawaii, with a condominium project creation time of 24 days, and an estimated DPR approval and final completion time of less than 3 months.
Ready to start your condominium project?
UPCOUNTRY LAW is here to help you every step of the way, with experienced counsel.
TO GET STARTED call UPCOUNTRY LAW at (808) 419-6662, or use our handy CONTACT FORM to begin the process.
***NOTE: this article, advertisement, and website is for general information purposes only and should not be considered as legal advice or does not create an Attorney-Client relationship with UPCOUNTRY LAW or with Attorney Garrett J. Eden, Esq.