When do condominium public reports automatically expire in Hawaii?

In Hawaii, condominium public reports are designed to provide potential buyers with essential information about a project, including details about the development, its amenities, and the implications of purchasing a unit. The public report does not have a fixed lifespan like many might assume; rather, it is tied to the status of the development.

The correct answer indicates that the public reports automatically expire when the developer sells all the units in the project. This is significant because it aligns with the notion that the information contained in the report is most relevant and accurate as long as there are units available for sale. Once all units are sold, the need for the report diminishes, and thus it is no longer considered valid or useful.

The other options refer to fixed time periods which do not apply to the dynamic nature of condominium projects where the status can drastically change based on active sales. These fixed durations do not consider the condition of the project or relevant sales activity and therefore do not accurately reflect the operational framework of public reports in Hawaii.