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UNOFFICIAL 1725.1-27 (3) A licensed realtor’s written appraisal of the current fair market value of the property. [Eff 09/30/13] (Auth: HRS

§346-53; 42 C.F.R. §§431.10, 435.601, 435.845; 45 C.F.R. §233.20) (Imp: HRS §346-29; 42 C.F.R. §§431.10, 435.601, 435.845; 45 C.F.R. §233.20)

§l7-1725.1-34 Treatment of special forms of ownership of real or personal property. (a) The individual's interest in property shall be determined by the type and form of ownership which may affect the value of the property in determining eligibility. (b) Property held in joint tenancy shall be determined by: (1) An appraisal of the current fair market value of the individual’s interest in the property; or (2) Dividing the current fair market value of the property by the number of joint tenants; and (3) Upon the death of one of the joint tenants, the survivor or survivors become the sole owner or owners of the entire interest. (c) Property held in tenancy by the entirety shall be determined by: (1) An appraisal of the current fair market value of the individual's interest in the property; and (2) Dividing the current fair market value of the property equally between the husband and wife. (d) Property held by tenancy in common: (1) Shall be determined by an appraisal of the current fair market value based on the percentage of ownership of two or more individual owners; (2) Each owner may sell, transfer or dispose of his or her share of the property without the permission of the other owner or owners but