Condominium Residential Use dedication filing deadline is September 1, 2017
- Details
- Category: City Affairs Blog
- Published: August 10, 2017
In April 2017, the Honolulu City Council passed Bill 8 (17) will allows certain condominium owners to consider dedicating their properties for Residential Use for a five-year period if their units are being used as a primary residence, or a long-term rental (more than 30 days at a time).
The dedication allows the properties that are currently on land zoned as mixed use, hotel, or commercial, and whose Declaration of Condominium or Horizontal Property Regime specifically states that the unit is allowed to be used as residential, to be classified as Residential, and thereby eligible for the historically lower real property tax rate.