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Hawaii's Bill 108 Becomes Ordinance 18-114 Short Term Vacation Rentals
Aloha, Lance Owens (RS) LUVA Real Estate here, bringing you the latest real estate news. Hawaii's controversial Bill 108 (draft 7) has now been made into “Ordinance 18-114” (see below) putting heavy regulation on Short Term Vacation Rentals in Hawaii, specifically Hawaii Island.
West Hawaii Association of Realtors (WHAR) put a tremendous amount of effort into trying to protect homeowners’ rights as the county moved forward with this “less than perfect” new Bill 108.
It was important to us ALL that homeowner rights were being protected….. we had some partial success on this.
Quick note, as a Realtor, I am neither “pro nor con” on vacation rentals, what I am “pro” on, is your right to the best and highest use of your property, along with your right to quiet enjoyment.
In short, some subdivisions and condo complexes were created solely with the intention that they would allow STVR to offset “ownership cost”. For instance, Keauhou Estates allows STVR, where Bayview Estates (across the street) does not. In many cases homeowners chose one over other for that specific reason, a huge value to both sides is the fact that they do, or do not, allow these – just depends on which side ... more
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