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 once connected to Kahuku Sugar Mill 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 since July 2000.

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

The nonprofit Kahuku Village Association opposed the move and has held meetings and rallies to prevent the change, including a rally on Monday night.

The association has said tenants had no choice over signing new leases if they wanted to remain in their homes, and that some tenants fear they can easily be displaced by Continental Pacific without representation by the association.

"The Kahuku Village Association is the best way for these families, as a community, to afford to continue living in their homes," Deborah Sarsona, association manager, said in a statement.

Kahuku Village Association offered to buy the land under the homes from Continental Pacific, but won’t say how much it offered to pay. Continental Pacific said a confidentiality agreement prevents it from disclosing the offer received last month, but said it is open to selling the property.

Continental Pacific has been working on a plan to subdivide the property into fee-simple condominium lots and offer homes to tenants for an estimated $150,000.

The subdivision plan followed an earlier plan by Continental Pacific that aimed to develop 18 beachfront house lots on another parcel nearby to subsidize the sale of land under the old plantation homes to residents for $75,000 on average. The initial plan, which was abandoned after community opposition, also included giving Kahuku Golf Course to the city, donating two cemeteries to approved entities and building cabins at old Adams Field.