ยง171-40 - Expired leases; holdover.
ยง171-40ย Expired leases; holdover.ย Uponexpiration of the lease term, if the leased land is not otherwise disposed of,the board of land and natural resources may allow the lessee to continue tohold the land for a period not exceeding one year upon such rent, terms, andconditions as the board may prescribe; provided that if, immediately prior tothe expiration of the lease, the land was cultivated with crops having ratoonsfor at least one cycle, as defined hereinafter, the board may permit the lesseeto continue to hold the leased land until the crops from the last remainingcycle have been harvested.ย The term "cycle" as used in this sectionmeans the period required to plant and cultivate the original crop, includingthe harvesting of the first ratoon, being a period exceeding two years.
Upon expiration of the one-year extension, ifthe board has not yet decided upon the re-lease of the land or reservation forother purposes, the board may issue a temporary permit to the lessee, subjectto section 171-55 and the rent and such other terms and conditions as the boardmay prescribe. [L 1962, c 32, pt of ยง2; Supp, ยง103A-40; HRS ยง171-40]