Cost of Electricity Disclosure, Real Estate Sales

State of Hawaii House Bill 1464 "Prior to the sale of residential real property, the property owner shall make a good faith declaration of electricity cost based on the most recent three-month period in which the property was occupied prior to the date of the seller's disclosure, pursuant to chapter 508D. This declaration shall only apply where the owner directly pays the electrical utility bills, and shall not apply in the case of a foreclosure of residential real property or where there are no electric utility accounts associated with the property." This new electricity cost disclosure requirement applying to real estate sales disclosures goes into effect on July 1, 2009 in Hawaii. When something like this happens, it is good to keep our ear to the wall to see if it migrates into property management law. Heads up wherever you are. Jerry