What you must know when you buy a home in Hawaii: The difference between fee simple & leasehold 🏠
If you see a $100,000 oceanfront condo in Hawaii, it’s probably too good to be true. It’s most likely a leasehold property.
Fee simple means you own both the building and the land underneath. In leasehold, you own the building, but someone else owns the land. Therefore if you have leasehold property, you’re paying a monthly lease rent to the landowner.
I’ll discuss more in future videos, so stay tuned for part 2.
Let me know in the comments if you have any questions about buying or selling a home in Hawaii🤙🏼
➡️ BHGRE Advantage Realty (RB-17242)
📧 MyronK@BetterHawaii.com
📱 (808) 864-9000
💻 MyronKiriu.com
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