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(attached.) Tj
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(Sincerely,) Tj
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(~~--) Tj
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(Richard Emery) Tj
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(\\) Tj
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44.16 -17.28 TD
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-27.84 -9.36 TD
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0.24 -9.12 TD
(percentage profi.) Tj
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29.52 -17.76 TD
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0.00 -9.36 TD
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0.00 -17.52 TD
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0.24 -9.36 TD
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(delegate.) Tj
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(however, to:) Tj
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0.48 -17.52 TD
(.:. The Management Contract.) Tj
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0.24 -17.76 TD
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14.16 -9.36 TD
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0.00 -9.60 TD
(at the regulated; rate.) Tj
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-13.92 -17.52 TD
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(insured.) Tj
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33.12 -12.96 TD
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/F134 5.71 Tf
-.48 -7.44 TD
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/F135 9.20 Tf
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-.24 -9.60 TD
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/F135 9.51 Tf
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0.00 -9.36 TD
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/F133 8.50 Tf
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/F133 8.79 Tf
0.24 -9.12 TD
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/F133 8.45 Tf
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(mediation process. both parties agroe that one party) Tj
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29.76 -17.28 TD
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-29.28 -9.12 TD
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/F133 7.92 Tf
50.64 0.00 TD
(times it must have a Managing Agent.) Tj
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-21.12 -17.04 TD
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-29.04 -9.12 TD
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/F134 6.38 Tf
0.24 -9.36 TD
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/F135 9.97 Tf
0.00 -8.88 TD
(Agent may bo Ihe Doveloper or an affilate of the) Tj
/F135 8.54 Tf
0.48 -9.36 TD
(Developer.) Tj
/F133 7.82 Tf
29.04 -16.80 TD
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/F135 9.32 Tf
-34.08 -8.88 TD
(_choose mid.employ_lho tirsl Managing AgimUor tho_ _) Tj
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5.52 -9.12 TD
(Project. \(At tho outf,et. the Developer is the only) Tj
/F133 8.96 Tf
0.00 -9.12 TD
(Member 01 the Association.\) It the first Managing) Tj
/F133 8.27 Tf
0.00 -9.36 TD
(Agent must b~ replaced for any reason, the Board wil) Tj
/F133 8.38 Tf
0.00 -9.60 TD
(choose lho replacement Tho Board must use its besl) Tj
/F135 9.16 Tf
0.24 -9.12 TD
(offorts to hire and keep a responsible company as the) Tj
/F133 7.74 Tf
0.24 -9.36 TD
(Miinaring Agont.) Tj
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29.28 -17.04 TD
(D. MANAGEMENT CONTRACT. Tho Managing) Tj
/F133 8.34 Tf
-29.28 -8.88 TD
(Agenl must sinn a wrillen contract \(tho "Man,JgllnlSnl) Tj
/F134 7.04 Tf
0.96 -9.36 TD
(Contract'\). Subjoct 10 the requirements 01 tho) Tj
/F133 8.02 Tf
-.48 -9.36 TD
(Condominium Propeity Act:) Tj
/F135 11.54 Tf
44.40 -16.32 TD
(1\) POWERS AND OU1I,S. 1 he) Tj
/F133 8.32 Tf
-43.92 -9.36 TD
(Manngcmcnt Contract may delcgnte to the Monaging) Tj
/F135 9.32 Tf
0.24 -9.12 TD
(Agent ;iny 01 tho Board's powors and dulies excopt) Tj
/F134 7.39 Tf
0.00 -9.12 TD
(thoso thut, by law or undiir the Condominium) Tj
/F133 8.27 Tf
0.48 -9.60 TD
(Documenls, it cannot dolegate. It may also permit the) Tj
/F133 8.46 Tf
0.00 -8.88 TD
(Miinngng Agent 10 delognlo ils power and dulies to) Tj
/F135 9.29 Tf
0.00 -9.36 TD
(one or more sutNi\\lonts lor any period and upon uny) Tj
/F133 8.89 Tf
0.24 -8.64 TD
(terms II doems propor. In nil cnsos. tho Manriging) Tj
/F133 9.11 Tf
0.24 -9.36 TD
(A!.lHnl anel any suh.agonis will he subjoct to tho) Tj
/F134 5.00 Tf
0.24 -17.76 TD
(\('2822\\1yl"ws 0:1) Tj
216.72 523.20 TD
(direction 01 the Board and to Ihe limits lis ) Tj
/F135 8.55 Tf
141.60 1.44 TD
(led in Section) Tj
/F135 8.32 Tf
-141.36 -10.56 TD
(7.4.) Tj
/F135 8.67 Tf
42.96 -16.80 TD
(2\) TEIM. The Managemont Contract:) Tj
/F133 8.32 Tf
13.44 -18.24 TD
(\(n\) May provide lor. an initial term of) Tj
/F135 9.13 Tf
-55.92 -8.16 TD
(not more than one year lrom he Starting Dale. The) Tj
/F133 8.65 Tf
0.00 -9.36 TD
(.Starting Oatd' is tho dnte on which tho Munnging) Tj
/F133 8.17 Tf
0.24 -8.88 TD
(Agent must begin Its performance. Unless olhorwise) Tj
/F135 9.13 Tf
0.24 -9.12 TD
(provided in the Management Contract,. tho Starling) Tj
/F135 9.27 Tf
0.24 -8.88 TD
(Date wil be the later of \(i\) the first dato on which a) Tj
/F133 8.04 Tf
-.24 -9.36 TD
(deed of an Apartment is recorded, or \(ii\) tho first dato) Tj
/F135 9.22 Tf
0.24 -9.12 TD
(on which the Cily and Counly of Honolulu issues a) Tj
/F135 8.54 Tf
0.00 -9.12 TD
(temporary or permanent cerlilicate of occupnncy for an) Tj
/F135 8.26 Tf
0.24 -9.36 TD
(Apartment in the Projne\\.) Tj
/F133 9.13 Tf
56.16 -18.48 TD
(\(b\) May provide that oller lho first) Tj
/F133 8.63 Tf
-55.92 -7.92 TD
(term and each later term ends. lhe contract wil be) Tj
/F133 9.39 Tf
0.48 -9.12 TD
(ronewed automalically unless a written notice) Tj
/F133 8.10 Tf
-.24 -9.60 TD
(canceling the Management Contract is sent by either) Tj
/F135 8.55 Tf
0.48 -8.88 TD
(paily a.I.loa;:sl~y,.\(?O\)a... ~o1bo.!0to..tlL.0Jcnewnl.~i~;,-h) Tj
/F135 9.77 Tf
-6.96 -8.88 TD
(~ha-Miinagomeni C?nlract mayi' provido that tho .11 ,) Tj
/F133 7.82 Tf
6.96 -9.36 TD
('As.socinlig,l cJ'nnol 9iV~It.I!!o~c~.nless. .fi,Ma.jorilY on) Tj
/F133 8.62 Tf
0.24 -8.64 TD
(the Ownors volO to,;\(Jo,:~al an.l nnnuaSf,spoCini") Tj
/F133 7.39 Tf
0.24 -9.60 TD
(moeting 01 thO'ASSociati90jhOld~Wil'.oi:l:..yo.arjJllQre-.) Tj
/F133 9.55 Tf
0.24 -8.88 TD
(lI19_rcnu.wal date. IIi the Management Contract ,) Tj
/F133 7.68 Tf
-.24 -9.60 TD
(contains such a provision. then:) Tj
/F135 9.42 Tf
69.60 -17.76 TD
(\(1\) II the Managing Agent is an) Tj
/F135 8.49 Tf
-68.88 -8.16 TD
(affilate 01 or a person alfilated with the Developer then) Tj
/F133 8.05 Tf
0.24 -10.56 TD
(\(\) the Developer rnust abstain from the voto, and \(ii\)) Tj
/F135 9.41 Tf
0.00 -7.44 TD
(the Devoloper's votes wil not be considered when) Tj
/F133 8.39 Tf
0.00 -9.12 TD
(determining whother ;i Majoriiy of the Owners have) Tj
/F134 11.06 Tf
0.00 -9.12 TD
(voted to give the notice; "' i-) Tj
/F135 30.27 Tf
127.92 -7.44 TD
(------) Tj
/F134 7.75 Tf
-135.36 -10.56 TD
(_ ~. . .. . .-.f A deci~n not to ronew the I) Tj
/F133 8.14 Tf
7.92 -8.16 TD
(~n~~~innt Co~~act cannolr\)5t m~\(\\e by the Bor') Tj
/F134 6.16 Tf
0.24 -8.88 TD
(~lone:-lhO Board t\\s no power ornulhoritx 10 do so:) Tj
/F135 72.00 Tf
-3.84 -15.12 TD
(~--) Tj
/F135 10.73 Tf
51.36 -12.72 TD
(~\(3r Neither the Board, nor, any i" ,.) Tj
/F134 5.67 Tf
-51.60 -7.68 TD
(jifleT, Dirto.r, employee Qr~ag.erit.of~thO. Association;. r) Tj
/F135 9.40 Tf
-.48 -9.36 TD
(~~an !Jive tho notico baforu aMjtiy~ol ho oW-) Tj
/F133 8.49 Tf
3.36 -13.44 TD
(ivote not to reflew tho M.nagement Cor.tlracF"'an ') Tj
/F135 9.07 Tf
1.92 -5.04 TD
(;innuil or special meoting iof the Association. Any'" i) Tj
/F134 6.30 Tf
-1.68 -8.88 TD
(.ttice sent hiilore ltwn.xi1U,tie void.'. ~"... -- .._) Tj
/F134 6.52 Tf
30.96 -16.32 TD
(E. CANCELLAtiON Y Tltl; ASSOCIATION. Tho) Tj
/F133 8.25 Tf
-28.32 -9.84 TD
(Management Conlr:ct must give the Association the) Tj
/F133 7.48 Tf
0.00 -9.12 TD
(right 10 cancel in each of the 10llowing situations:) Tj
/F135 9.29 Tf
43.68 -16.32 TD
(1\) Fon CAUSE. The Association mus1) Tj
/F135 9.00 Tf
-43.44 -9.84 TD
(hiive the rirhl to GanGel the Management Contracl) Tj
/F135 9.11 Tf
0.00 -8.88 TD
(whenevcr tlili Managing IIgenl IJreaches or fails 10) Tj
/F134 5.00 Tf
0.48 -9.60 TD
(observe or poi ) Tj
/F135 8.51 Tf
50.88 0.48 TD
(form a material part 01 the Management) Tj
/F134 5.00 Tf
-50.88 -9.60 TD
(Contract iind lails 10 cure ils breach or \(lei ) Tj
/F134 5.35 Tf
153.36 0.72 TD
(null within) Tj
/F135 8.21 Tf
-153.12 -9.36 TD
(thc timc pimnillod by Iho Mariauoll0ril Conlrac:l;) Tj
/F135 7.27 Tf
-17.52 -37.68 TD
(1S) Tj
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89.121 Tz
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