Haw. Rev. Stat. § 516D § 516D-11.6
Suggested form of a standardized summary of lease provisions.
Operative Text
A standardized summary of lease provisions executed pursuant to section 516D-11 of this chapter may, but need not, be substantially in the following form: STANDARDIZED SUMMARY OF LEASE PROVISIONS This receipt dated _______________, between________________ ______________________________________ (the "buyer"), and ______________________________________ (the "seller"), for the sale of the property at _____________________________________, tax map key no. ( ) / / / (the "property"). Lessor: _______________________________________________________ Sublessor: ____________________________________________________ Lease Expiration: ____________ Surrender Clause: (yes or none) Lease Rent: $__________ per __________ until __________ $__________ per __________ until __________ $__________ per __________ until __________ Renegotiation Dates: __________________________________________ Renegotiation Terms: __________________________________________ ________________________________________________________________ I understand the information above is a summary of the terms of the lease and that for more detailed information I should read the lease. I understand that the subject property is leasehold property and I will acquire the right to occupy and use the leased real property for the time stated in the lease agreement. I will not acquire outright or absolute ownership of the land or fee simple ownership. The land is owned by lessor or the leased fee owner, to whom I, the lessee, will agree to make lease rent payments and comply with the terms of the lease or be subject to the lessor's enforcement actions. The lease rent payments are usually fixed for specific amounts at fixed periods of time, then subject to renegotiation. Renegotiation may be based on formula or arbitration set in the lease agreement or by law or by agreement between the lessor and lessee. THE RENEGOTIATED LEASE RENTS MAY INCREASE SIGNIFICANTLY. AT THE END OF THE LEASE, I MAY HAVE TO SURRENDER THE PROPERTY (SURRENDER CLAUSE) AND THE LAND BACK TO THE LESSOR WITHOUT ANY COMPENSATION. I understand when leasehold property is acquired, title is normally conveyed by means of an assignment of lease, whose purpose is similar to that of a deed. The legal and practical effect is different because the assignment conveys only the rights and obligations created by the lease to the property, not the property itself. I understand that the original developer of this project may have entered into a master ground lease with the fee simple owner of the land in order to develop the project. The developer or the cooperative corporation may then have entered into a sublease or a new lease of the land with the lessee (apartment owner). The developer may lease the improvements to the apartment owner by way of an apartment lease or sublease, or sell the improvements to the apartment owners by way of a condominium conveyance or apartment deed. I understand that there are currently no statutory provisions for the mandatory conversion of leasehold condominium and cooperatives, and that there are not assurances that such measures will be enacted in the future. I UNDERSTAND THAT IF I HAVE ANY LEGAL QUESTIONS ABOUT LEASEHOLD PROPERTY, ABOUT THE LEASE DOCUMENTS, ABOUT THE TERMS OF THE LEASE, AND ITS CONSEQUENCES, I SHOULD SEEK THE ADVICE OF AN ATTORNEY. ______________________________ ______________________________ Buyer's signature Buyer's signature Date: _______________, ____AM/PM [ ] I HAVE READ AND UNDERSTAND THE PROVISIONS OF THE LEASE DOCUMENTS RECEIVED, ACCEPT THE TERMS OF THE LEASE, AND ACCEPT THE SUBJECT DROA. [ ] I DO NOT ACCEPT THE TERMS OF THE LEASE AND CANCEL THE SUBJECT DROA. ______________________________ ______________________________ Buyer's signature Buyer's signature Date: _______________, ____AM/PM [L 1991, c 276, §8]
Hawaii Revised Statutes § 516D-11.6 establishes a suggested — but not mandatory — standardized form that sellers may use when summarizing leasehold property terms for buyers under § 516D-11. The form is designed to communicate key lease details such as rent amounts, renegotiation dates, surrender clauses, and the fundamental distinction between leasehold and fee simple ownership. Because the form is optional, a seller may use a substantially similar version or a different format, as long as the underlying disclosure requirements of § 516D-11 are met.
Plain English — not legal advice.
Under § 516D-11.6, sellers and their agents working with leasehold properties in Hawaii have access to a suggested standardized summary form that covers critical lease terms — including lease rent schedules, renegotiation provisions, and surrender clauses. Compliant operators typically ensure that buyers receive a clear explanation of the leasehold nature of the property, including the possibility of significant rent increases at renegotiation and the potential obligation to surrender the property at lease end. Because the form is permissive rather than mandatory, operators generally confirm that whatever summary format is used still satisfies the substantive disclosure obligations set out in § 516D-11.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For buyers or incoming lessees of leasehold property in Hawaii, § 516D-11.6 describes the kind of information a seller may provide in a standardized summary — including lease expiration dates, rent schedules, renegotiation terms, and whether a surrender clause applies. Receiving this summary does not replace reading the full lease documents, and the form itself reminds recipients that the summary is not a substitute for the underlying lease. Those with questions about their rights under a leasehold arrangement, including what happens at renegotiation or lease end, may wish to consult a tenant-rights organization or review resources available through Hawaii's state housing agencies.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 23, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References In
Rules and statutes that cite this regulation