Can a landlord collect Honolulu Westloch Oahu rent 7 months in advance?

Recently a potential Westloch tenant applicant approached me to offer 7 months advanced rent if we gave them a $100+ (one hundred  dollar) discount on the monthly rent.  the owner wanted me to accept the offer, thinking that was a nice bulk sum to collect!

Little Yellow House

After research, I had to show the owner the Hawaii Revised Statutes HRS531-44 which, in summary, states "The landlord may NOT require or receive from or on behalf of a tenant at the beginning of a rental agreement, any money other than the money for the forst month's rent and a security deposit as provided in this section.  The security deosit shall not be construed as payment of the LAST month's rent by the tenant.....

The above is for residential real estate with rentals up to one year. For commercal leases, there are often different laws that apply.  If you want to know more details, review the statutes or consult a legal professional.  If you need someone on Oahu to handle your single family home rental management, then contact Bruce.

The Hawaii real estate market is a very active and requires detailed knowledge of the little intricacies of this business. If you are thinking about selling your home or considering a lifestyle change in relocating to Hawaii, give us a call  808-955-1577 to schedule a real estate consultation in person, via phone or email.  Time is costly and a very important issue in this new landscape of real estate. We are available to help you and make positive decisions that will make your life easier.

The same goes for Buying Hawaiian Real Estate either to live here, have a business here or as an investment.  Allow us to hold your hand and walk with you through the fun of owning your little piece of paradise.

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Best Homes Hawaii Bruce Hicks

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4 Comments on Can a landlord collect Honolulu Westloch Oahu rent 7 months in advance?

MAR
13
2012
1,023,136 Points 66 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

When I lived and did property management in Hawaii - I loved the landlords give 45 days notice and tenants give 28 * I've never had the 2 notice periods be DIFFERENT
2:55am • #1
136,590 Points Outside Blog

Wallace, the courts here seem to strongly favor the tenants. You were going and I was entering when you were here. I started in RE end of 80. Interest rates were at 17-18 percent then.
9:41am • #2
MAR
15
2012
570,707 Points 25 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Bruce - That is important info for landlords and tenants in Hawaii to know. So offering incentives to tenants for paying a few months in advance wouldn't work there.
8:52pm • #3
MAR
16
2012
472,704 Points 35 Featured Posts Outside Blog Called Shot Master

Who knew? You apparently, and that's good because landlord-tenant laws are complex issues. It's always good to have a professional who you can trust manage rental properties. Have a good weekend Bruce. D
3:26pm • #4

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