Bill 9 (Ordinance No. 5909) represents the most significant shift in the Maui condo market in decades. Signed into law on December 15, 2025, the ordinance directly impacts apartment-zoned condominiums that have historically operated as short-term vacation rentals, commonly known as those on the Minatoya List.
As we move through 2026, the market is no longer in a “wait and see” phase. Buyers, sellers, and investors must now shift toward clear financial planning, exit strategies, and long-term positioning.
The reality is simple:
If a Maui condo depends on apartment zoning (A-1 or A-2) and historic transient use, its ability to operate as a short-term rental is being phased out.








