I get asked this quite often so I have decided to write a post about it. Here in Hawaii you will find some properties for sale called Leasehold - (LH). The majority of homes and land here on Maui are able to be bought Fee Simple (FS), where you own it outright. Leasehold is a type of land tenure, a way of taking title to a property, as opposed to Fee Simple. With Leasehold, you are buying the rights (a lease) to occupy a property for a specific period of (2 comments)