Understandably, many of my clients have questions about the ins and outs of leasehold property.  This post should help.  If you are financing your purchase, please, please consult your lender first to ensure they will underwrite a mortgage on leasehold property. Leasehold in Simple Terms The fee holder (also known as the lessor) owns the … Continue reading Leasehold Property Basics

Leasehold in Simple Terms You own a home or interest in a condominium on land owned by someone else (the fee holder).  The land owner earns income from monthly lease rent paid by the homeowner.  Typical leases run for 55 years.  This rent is usually fixed for 30 years and adjusted at fixed intervals over … Continue reading Honolulu Leasehold Property Explained

What is Leasehold? You own a home or interest in a condominium on land owned by someone else (the fee holder).  Typical leases run for 55 years and monthly rent is paid to the fee holder.  This rent is usually fixed for 30 years and adjusted at fixed intervals over the remaining length of the … Continue reading Honolulu Leasehold Property Explained