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What is Leasehold in Hawaii? Part 1-5
 
What is Leasehold in Hawaii?Part 1-5
I am often asked this question: What does Leasehold mean in Hawaii?  Pulling together information collected from various classes and seminars, here it is: In easy terms:  Fee Simple means that you own the land that sits under the structure.  By the way, all the mineral deposits under the surface are owned by the State of Hawaii.  You can research that.
Leasehold:   means that someone else owns the land and you pay them a rent or lease amount.  It is a way of allowing more affordable ownership for a buyer to enter the market.
 
The main sources were the Hawaii State Legislature and the Hawaii State Housing Finance and Development Corporation.
 
A Guide to Hawaii's Residential Leasehold
Athorized by the Hawaii State Legislature and the State's Housing Finance and Development Corporation
PART 1
 
INTRODUCTION  
 
This article will help you understand some of the issues involved in buying and owning residential leasehold condominium and cooperative apartments, as well as dwelling units within Planned Developments (PUD). This article uses the term apartment unit to refer to all three forms of ownership. Anyone buying a leasehold residential apartment should be aware of ... more

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