Property OwnershipCommon Interest OwnershipMEDIUM
Which Hawaii rule controls when a condominium association budgets expenses and hires a managing agent?
Correct Answer
C) A condominium association may adopt budgets, collect assessments, and hire managing agents, subject to the declaration, bylaws, and chapter 514B
HRS 514B-104 lists association powers including budgets, assessments, contracts, and hiring managing agents. Source basis: Hawaii DCCA PSI state outline hi.II Types of Ownership plus official Hawaii Revised Statutes chapters 514B, 514E, 421I, and 421J; checked 2026-04-30.
Answer Options
A
The correct answer is whatever the listing broker writes into the purchase contract.B
The issue is controlled only by federal fair housing law.C
A condominium association may adopt budgets, collect assessments, and hire managing agents, subject to the declaration, bylaws, and chapter 514BD
The rule is tested only on the national portion and never appears in Hawaii state ownership questions.Why This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
hi.IIcommon-interest-ownership
Key Terms:
hawaiihi.IIcommon-interest-ownershipcondo-association-powers
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