Google Answers: Hawaii real estate - question regarding multiple ownership

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Q: Hawaii real estate - question regarding multiple ownership ( No Answer, 0 Comments )

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Subject: Hawaii real estate - question regarding multiple ownership
Category: Business and Money
Asked by: wraith-ga
List Price: $15.00

Posted: 02 May 2006 08:00 PDT
Expires: 01 Jun 2006 08:00 PDT
Question ID: 724693

What are the rules regarding the sale and purchase of a piece of
property in Hawaii (Big Island specifically) to multiple owners?  I
found some references to a rule that stated if the property is split
in more than six ways, there are additional legal complexities that
must be adhered to.  What is this law, and what are those
complexities?  Would forming a corporation to own the property with
the owners being the shareholders satisfy the law?

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