What needs to happen when a condominium is created after July 1, 2006?

What needs to happen when a condominium is created after July 1, 2006?

• A. It must comply with the old CPA
• B. It doesn't require any registration
• C. It must comply with Title 16, Chapter 107
• D. It must be agreed upon by local government

Answer: (C)

When a condominium is created after July 1, 2006, it must comply with Title 16, Chapter 107. This regulation outlines the requirements and processes that need to be followed for the development and establishment of condominiums in Hawaii. Title 16, Chapter 107 includes provisions regarding the registration of the condominium project, which ensures that proper disclosures are made to prospective buyers and that the management and operations of the condominium comply with state laws. Compliance with this set of regulations is crucial as it provides both legal standards for developers and protections for consumers. This is particularly important in maintaining transparency and safeguarding the interests of unit owners. In contrast, the other options do not provide the correct procedural or legal requirements for new condominium developments post-2006. The reference to the old CPA, or the notion that registration is not required, or that local government agreement is necessary, do not reflect the current legislative framework that governs condominium creation in the state. Thus, recognizing the necessity to comply with Title 16, Chapter 107 is essential for any condominium developed after the specified date.

When a condominium is created after July 1, 2006, it must comply with Title 16, Chapter 107. This regulation outlines the requirements and processes that need to be followed for the development and establishment of condominiums in Hawaii. Title 16, Chapter 107 includes provisions regarding the registration of the condominium project, which ensures that proper disclosures are made to prospective buyers and that the management and operations of the condominium comply with state laws.

Compliance with this set of regulations is crucial as it provides both legal standards for developers and protections for consumers. This is particularly important in maintaining transparency and safeguarding the interests of unit owners.

In contrast, the other options do not provide the correct procedural or legal requirements for new condominium developments post-2006. The reference to the old CPA, or the notion that registration is not required, or that local government agreement is necessary, do not reflect the current legislative framework that governs condominium creation in the state. Thus, recognizing the necessity to comply with Title 16, Chapter 107 is essential for any condominium developed after the specified date.