[PART VI.
143 words·~1 min read·
/hi/chapter-516/part-viA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[PART VI. SUSTAINABLE AFFORDABLE
DEVELOPMENTS OR LEASES]
[§516-201] Exemption for sustainable affordable developments. Notwithstanding any law to the contrary, no lessee under a sustainable affordable lease may exercise the rights granted to a lessee by part II and sections 516-63, 516-65, and 516-66. The lessee under a sustainable affordable lease may exercise rights under section 516-70; provided that in no event shall compensation to the lessee for on-site improvements at the termination or expiration of the lease term exceed the lessee's share of the maximum sales price of a residential lot, including all buildings and improvements, on resale as determined pursuant to paragraph
(2)of the definition of "sustainable affordable lease" in section 516-1. In addition, sections 516-5 and 516‑83 shall not apply to the fee owner and lessor of land in a sustainable affordable development. [L 2005, c 197, pt of §2]