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Fee simple Remodeled Hilo Condo hawaianrealty.com 800-667-5028 ext. 8122 Denise S. Nakanishi about 10 years ago, designation of an RB-17031, ABR, CRS, GRI, SRS estate quality as either "fee simple" (FS) or "leasehold" (LH) was required on all forms of advertisement. While leasehold of rights available. It is generally assumed "Major Mom is a Major Difference" the right to use the property for any legal purpose not otherwise limited by deed or subdivision restrictions. Fee simple ownership must still be specifically noted, more involved than fee simple transfers. properties not so designated BEST- are now assumed to be fee simple. Because the concept of leasehold ownership is fairly unique, it should be no surprise that people ibu Piakt always question the distinction Disclosures are much more involved. Leasehold properties in East Hawaii are basically limited to Hawaiian Homes, condo ownership exists indefinitely. Leasehold units along Banyan Drive and homes along estates have a definite duration. While Oceanview Drive. There may be a few remaining leasehold condos in Hale Moana details of any property transfer are not. as well. A common belief is that leasehold Understanding the differences is key to Hawaii 2021 the ownership concepts are simple, the Hale Kahakai-Unit 410 East between the two. In most basic properties belong to either the State or one of the large estates such as Bishop property. As the name implies, Leasehold Estate. In fact, churches and individual families own many. For this reason, from choosing not only the property but also the agent who will help guide you through this not so simple process! End unit, 1bd, 720sf NEW appliances, counter/cabs, floor, windows, etc. terms, fee simple means you own the cell 936-5100 majormom@ilhawaii.net conveyance (transfer). 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