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What are the rules on combining separate adjoining TMK’s into one in HPP. I was old that unless there is a recorded legal restriction for the specific lots, nothing says they can’t be combined. I’ve also heard that HPP can not be subdivided, combined or otherwise altered from what it is. I’ll certainly have a local real estate attorney review the final issue, but tying to get a feel before returning a call.
I’m wondering if it’s a legitimate inquiry to be seeking larger acreage though combining or a ploy to offer much lower under the guise that the value is worth less as separate lots. [?]
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No restriction combining two lots into one TMK. You need to get a survey down and submit it to the Planning Department. As far as the HPP Association is concerned you still will own two lots and have to pay the dues for two lots. One of my clients have done this and it was relatively easy.
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John S. Rabi ABR,CM,CRB,FHS,PB,RB
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Typically Tropical Properties
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Thank you John.
If you don't mind me asking, is it typical (or at least not unheard of on Hawaii) to be offered a sale (cash sale, large down payment in escrow) contingent on the properties being combined into one at closing? Where I am on the mainland, subdividing lots is as normal as holding garage sales, but combining, well that would be down right un-American in the eyes of real property ownership, so I'm just a bit out of my understanding curve.[8]
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quote:
Originally posted by Bob Orts
Thank you John.
If you don't mind me asking, is it typical (or at least not unheard of on Hawaii) to be offered a sale (cash sale, large down payment in escrow) contingent on the properties being combined into one at closing? Where I am on the mainland, subdividing lots is as normal as holding garage sales, but combining, well that would be down right un-American in the eyes of real property ownership, so I'm just a bit out of my understanding curve.[8]
Typical?! No. However, it's much easier to combine lots here than subdive them. If I were the Seller I would say forget it since it takes time. I might would accept your offer with a 72-hour kick-out clause. It doesn't matter how much you put down, if it's a contingency you get your money back. Cash?! Big deal. The Seller gets cash at closing even if the sale is with a loan.
Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
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Thanks John, I paid for the survey, they will do the rest. Sold!
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Life is easy, isn't it?! [
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Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
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May I ask what benefit you would reap from combining the two lots?
Just curiosity since I deal with so many more that are dividing lots.
Thanks!
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Yep, turned out to be easy.
I didn't ask why they wanted it combined. I guess it’s easier to design a home on property that isn’t just one of the lanes at a bowling alley [
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Some folks will combine two spaghetti lots together with their neighbor then re-subdivide back into two parcels. They frequently redesign them into a more square "double wide" lot in front with a more square double wide flag lot in back. A flag lot is the lot in back which has a driveway running along the side of the lot in front. If you have agreeable neighbors, you can do this sort of consolidation and re-subdivision fairly easily and then there will be two folks who have a nicer shaped lot.
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