This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Hawaii Provision Calculating the Rent Increase
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Multi-State
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US-OL24017D
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How to fill out Provision Calculating The Rent Increase?
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FAQ
Creditors legally can't charge excessive late fees, which means they must be reasonable, although what constitutes a "reasonable" fee is open to debate. In most cases, late fees typically range between $25 and $50. Some creditors may provide a grace period before they impose the late fee.
The landlord must give "adequate" written notice of the intent to increase the rent ing to the type of tenancy (see chart at end of handbook). There is no limit on the amount of the rent increase as there is no rent control in Hawaii.
Illegal landlord actions include discrimination, failing to provide necessary repairs or maintenance, unlawful eviction, and violating tenants' privacy rights.
The landlord must give "adequate" written notice of the intent to increase the rent ing to the type of tenancy (see chart at end of handbook). There is no limit on the amount of the rent increase as there is no rent control in Hawaii.
In Hawaii, a landlord cannot sell, give away, or throw out a tenant's abandoned property without providing a tenant a notice and then wait for fifteen days. (See: Hawaii Revised Statutes § 521-56.) Hawaii forbids landlords from taking the law into their own hands.
§521-51 Tenant to maintain dwelling unit. Where no evidence that tenant's failure to replace damaged tiles constituted a violation of applicable building and housing laws materially affecting health and safety under paragraph (1), landlord was not authorized under §521-69(a) to terminate tenant's lease.
Rent Increases: There is no statewide rent control in Hawaii. Late Fees: 8% of the amount due (HRS § 521-21(f)). Grace Period: There is no mandatory grace period in Hawaii. NSF/Bounced Check Fee Maximum: If the tenant's rent check bounces, the landlord may charge a fee of $30 (HRS § 4-506.5).
