The owner of the land under 71 old plantation homes at Kahuku Village on Oahu’s North Shore has completed a plan switching management of the community from a nonprofit homeowners association to a property management company.

Landowner Continental Pacific LLC said 70 residents have signed new leases with management firm Elite Pacific Property that went into effect Aug. 1, while one resident’s application is still being processed and is expected to be executed.

The leases for the homes maintain previous rents for most tenants, and reduce rent in a few cases, Continental Pacific said. All residents continue to have month-to-month ground leases, as they have had for about a decade.

Florida-based Continental Pacific, which bought the property in 2006 from Campbell Estate, announced the planned change in May.

The nonprofit Kahuku Village Association opposed the move and held rallies to prevent the change. The association still maintains hope that an offer it made recently to buy the land will be accepted. Kahuku Village Association won’t say how much it offered to pay for the land. Continental Pacific said a confidentiality agreement prevents it from disclosing the offer, but said it is open to selling the property.