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Simple or Leasehold Land Ownership in Hawaii
Fee Simple or Leasehold Ownership in Hawaii 
Fee Simple FS: Ownership of land and the buildings on such land (as opposed to leasehold where property reverts to the owner when the lease expires) A Fee Simple (or fee simple absolute) is an estate in land a form of freehold ownership. It is the most common way real estate is owned in common law countries, and is ordinarily the most complete ownership interest that can be had in real property . LEASEHOLD - LH "Leasehold Condominiums" where the development is built on leased land ( based on Ground Lease contract between Landowner )Lessor) and Buyer(Lessee ). Leaseholds are properties where an owner/landlord (Lessor) leases real estate to buyers (Lessees) for specific time periods. The lessee is permitted to occupy the property for the lease period and pays the lease rent.The lessee is also responsible for paying the property taxes,maintenance fees,AOAO or HOA fees,etc. The Lessee Does NOT own the Land!LEASEHOLD - FA - Fee Available or FP - Fee PurchaseThe Landowner's interest in LH property is called Lease Fee Interest. The Conversion of Leasehold Property to Fee Simple property involves purchasing of the landlord's leased fee interest(s) and/or any potential sandvich lease.The past average Fee Interest ... more

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