Property Management
The Hawaii Condominium Property Act (HRS Chapter 514B) requires condominium associations to:
AHire a professional property management company
BMaintain a reserve fund for major repairs and replacements✓ Correct
CAllow all owners to vote on every repair decision
DProvide free units to low-income residents
Explanation
HRS Chapter 514B requires condominium associations to conduct a reserve study and maintain adequate reserve funds for the repair, replacement, and maintenance of common elements.
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