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Hawaii Revised Statutes Division 3. Property; Family § 516D-12

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Every residential lease shall contain a provision for the mandatory arbitration of any rent renegotiation reopening.

(b) In the event that a residential lease does not contain a mandatory arbitration provision, the following arbitration procedure shall apply:

(1) Rent shall be determined by three impartial arbitrators, who shall be recognized real estate appraisers;

(2) Each party shall select an arbitrator, both of whom shall select the third arbitrator;

(3) The three arbitrators shall determine the rent renegotiation which shall be final, conclusive, and binding on both parties; and

(4) Lessor and lessee shall each pay one-half of all proper costs and expenses other than attorneys' fees.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 3. Property; Family § 516D-12 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-3-property-family/hi-rev-st-sect-516d-12/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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