Should You Condominiumize?
Even those savvy about real estate may not know the full words or meaning of acronyms HPR or CPR. These stand for Horizontal Property Regime (HPR) or Condominium Property Regime (CPR), and refer to filing documents created when a condominium project is developed. However, you don’t have to be a big developer to create a condominium. An increasing number of homeowners have been condominiumizing residential properties in Hawaii over the past 15 years. Condos were created to make property more af [...]