leasehold vs fee simple in hawaii: What is the difference between Leasehold vs. Fee Simple
- 12/04/12 01:45 AM
Most people only know of one type of real estate ownership; fee simple, also known as freehold. There are a handful of states that have another form of ownership known as leasehold. The difference in these two types of land tenure is very different and affects the value of the real estate. It is important to know the difference, especially if you're buying real estate in a leasehold state (i.e. Hawaii, New York, Florida). What is the difference between leasehold and fee simple? FEE SIMPLE: Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. Depending on … (2 comments)
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Lila Marino-Camacho
RA - Windward Oahu (Kailua-Kaneohe) & Relocation S
Most people only know of one type of real estate ownership; fee simple, also known as freehold. There are a handful of states that have another form of ownership known as leasehold.
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