Hawaii Real Estate State Practice Exam

To convert a leasehold condominium to fee simple land ownership, a significant majority of unit owners is required to vote in favor of the purchase. This requirement is in place to ensure that a substantial consensus among owners is reached before making such a significant financial commitment and change in ownership structure.

In Hawaii, the law stipulates that a vote of at least 75% is necessary for this conversion to take place. This threshold reflects the importance of unity among the owners, as the conversion can affect property rights, responsibilities, and financial obligations. Achieving a 75% approval ensures that a clear majority supports the decision and that those who may have concerns or differing opinions have had their voices heard, while still allowing the process to move forward with a decisive majority.

The other percentages listed do not meet the required threshold set by law, which is specifically designed to safeguard the interests of all unit owners.