Maui Sales

Hawaii Real Estate

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What is leasehold property?

The question “What is leasehold property” often arises with people interested in purchasing maui real estate.

There are two types of land tenure in Hawaii, Leasehold and Fee Simple. When you choose to purchase leasehold property, you purchase the improvement (such as a condo or home), and rather than owning the land the improvement sits on, instead you lease it. When buying fee simple property, you buy the improvement as well as the land the improvement sits on.

One thing to also keep in mind with leasehold properties is the rent payments for the land might escalate.

We generally recommend buying Fee Simple properties. Even though a fee simple property may mean more money in the beginning, in the long run, you’ll be happy you went that route.

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Lindsey Taylor, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.