Hawaii Leading the Nation in Renewable Energy Use

Hawaii’s Energy Challenges As the most geographically isolated island chain on the planet, Hawaii is the most fossil-fuel dependent state in the country. More than 40 million barrels of oil are imported into Hawaii every year just to meet our energy production needs. Regardless of which island they live on, Hawaii residents pay substantially more for utilities such as electricity as well as gasoline. Although kilowatt rates vary by island, Hawaii residents on average pay 30.84 cents per kilowatt, nearly… Read More

HPIA Lifts Moratorium on Homeowner’s Insurance in Lower Puna

As required by Act 32, which was signed into law in early May, the Hawaii Property Insurance Association (HPIA) is once again accepting applications and coverage increase requests for homeowner’s insurance policies for Puna residents. In a press release dated June 9, Hawaii Insurance Commissioner Gordon Ito encourages homeowners to assess their potential need for insurance or additional coverage and take action before another lava flow or other natural disaster takes place. For more information about homeowner policies, the Insurance… Read More

Hawaii’s Uniform Real Property Transfer on Death Act Can Help Avoid Probate

Although the Hawaii State Legislature passed the “Uniform Real Property Transfer on Death Act” in 2011, it is still not widely known or used, though it is an easy and less expensive way to pass property on to your heirs without having to go through an expensive and time-consuming probate process. Currently, 24 other states, plus the District of Columbia, also allow this type of deed. Under this law, you can have a lawyer re-title your real property with the… Read More

Seller Financing in Hawaii: Legal or Illegal?

“Owner financing is a useful tool in the credit market, as it expands the pool of potential buyers for owners and gives buyers an opportunity to make a purchase that would otherwise be out of reach, especially if they could not qualify for a traditional mortgage loan.” – Hawaii Association of REALTORS® Although seller financing (owner financing) has traditionally been a means by which real property transactions in Hawaii have been conducted, Clark Realty Corporation is currently advising our sellers to seek… Read More

Transient Accommodations Tax: What Should Hawaii Vacation Rental Owners Know about Act 326?

Requires any operator of a transient accommodation to designate a local contact residing on the same island as the transient accommodation. Requires that all advertisements and solicitations on websites for transient accommodations display registration identification numbers. Effective July 1, 2012. Repealed on December 31, 2015. (HB2078 CD1)


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