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Leasehold Property Ownership On Maui

Leasehold: Leasehold ownership is less common than Fee Simple ownership and most commonly seen in condominiums located on West Maui and South Maui. Leasehold ownership is when the Owner/Lessor leases property to a Buyer/Lessee for a set number of years. The Buyer/Lessee is allowed to occupy the property during the lease period and pays the initial purchase price plus a monthly lease payment to the Owner/Lessor. The Buyer/Lessee may also be responsible for their mortgage payment, property taxes, maintenance, and HOA dues. Most Leasehold leases initially start at 40 to 50 years and at predetermined times the lease rate is renegotiated. During Leasehold ownership the Buyer/Lessee can sell their remaining interest in the lease. The new Buyer/Lessee must be willing to accept the remaining lease terms. As Leasehold properties near their lease expiration the values tend to rapidly decrease. Lease expiration periods can be renegotiated, but if the Owner/Lessor is unwilling to extend the lease period the Buyer/Lessee must surrender the property back to the Owner/Lessor. 

Important Information about Leasehold ownership.

1. You do not own the property. You lease the right to use the property for a set period of time.

2. Most lease terms initially start between 40 and 50 years. Some can be longer.

3. Financing is possible if certain conditions are met.

4. The buyer/lessee is responsible for lease payments, property taxes, maintenance, and HOA dues.

5. At predetermined times the lease payment will be renegotiated and will likely increase.

6. The buyer/lessee can sell their interest in their remaining lease term. The new buyer/lessee must accept the remaining terms of the lease.

7. The initial sale price of Leasehold properties is usually quite a bit less than comparable Fee Simple properties. As Leasehold properties get closer to the lease term expiring the value of the property rapidly decreases. 

8. Once a Leasehold lease expires the buyer/lessee must surrender the property back to the owner/lessor. The owner/lessor can agree to extend the lease period if they choose.

9. The owner/lessor may choose to sell the property as a Fee Simple property once the Leasehold lease expires. 

10. The vast majority of Leasehold properties on Maui are condominiums. Most Leasehold condos are located on West Maui in Lahaina, Kaanapali, Honokowai, Kahana, and Napili. There are also Leasehold condos on South Maui in Kihei and Maalaea. 

 

The Newest Leasehold Properties For Sale On Maui Hawaii:

20 Hui Rd Unit Unit 2, Lahaina image
20 Hui Rd Unit Unit 2, Lahaina $2,495,000

Also listed as Condominium MLS #411087. Alaeloa - A Rare Slice of Old Hawaii  Some properties are about the house. Alaeloa is about the lifestyle.  Tucked within one o...

  • 3 Beds
  • 3 Baths
  • 411199 MLS
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop(Ka)

Listing courtesy of Coldwell Banker Island Prop(Ka).

20 Hui Rd I Unit 2, Lahaina image
20 Hui Rd I Unit 2, Lahaina — Alaeloa $2,495,000

This is also listed as Condominium MLS #411087. Alaeloa - A Rare Slice of Old Hawaii Some properties are about the house. Alaeloa is about the lifestyle. Tucked withi...

  • 3 Beds
  • 3 Baths
  • 411087 MLS
  • Alaeloa Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop(Ka)

Listing courtesy of Coldwell Banker Island Prop(Ka).

2881 S Kihei Rd Unit 36, Kihei image
2881 S Kihei Rd Unit 36, Kihei — Maui Hill $819,000

Rarely available and ideally positioned, Maui Hill Unit 36 sits in one of the most coveted spots in the complex, closer to the ocean than any other building on the 12 acr...

  • 1 Beds
  • 2 Baths
  • 411046 MLS
  • Maui Hill Bldg.
  • Leasehold Tenure
Courtesy of eXp Realty

Listing courtesy of eXp Realty.

2661 Kekaa Dr Unit H205, Lahaina image
2661 Kekaa Dr Unit H205, Lahaina — Maui Eldorado I $598,000

Offering tropical resort & golf course (6th fairway of the world renowned Kaanapali Royal (North) Golf Course) views from Paradise, Maui Eldordo H205 is a phenomenally sp...

  • 1 Beds
  • 1 Baths
  • 411023 MLS
  • Maui Eldorado I Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop-KP

Listing courtesy of Coldwell Banker Island Prop-KP.

20 Hui Rd I Unit 42, Lahaina image
20 Hui Rd I Unit 42, Lahaina — Alaeloa $1,299,000

Enjoy ocean and Molokai views and inviting indoor-outdoor living at Alaeloa 42, a two-bedroom, two-bath duplex in Napili, West Maui. Situated on the uppermost row of this...

  • 2 Beds
  • 2 Baths
  • 411015 MLS
  • Alaeloa Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop-KP

Listing courtesy of Coldwell Banker Island Prop-KP.

250 Hauoli St Unit 118, Wailuku image
250 Hauoli St Unit 118, Wailuku — Kanai A Nalu $599,900

Spectacular, direct ocean front location with a resort style pool and BBQ area. Nicely updated with granite counter tops in the kitchen & guest bath, quartz counter top i...

  • 2 Beds
  • 2 Baths
  • 410994 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop(S)

Listing courtesy of Coldwell Banker Island Prop(S).

2661 Kekaa Dr Unit J-211, Lahaina image
2661 Kekaa Dr Unit J-211, Lahaina — Maui Eldorado Ii $399,000

Discover this beautifully remodeled studio unit J-211 at Maui Eldorado, offering stunning views of the golf course. This is a leasehold property in the desirable J buildi...

  • 1 Baths
  • 410979 MLS
  • Maui Eldorado Ii Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

3676 Lower Honoapiilani Rd Unit A301, Lahaina image
3676 Lower Honoapiilani Rd Unit A301, Lahaina — West Maui Trades $225,500

Stunning Fully Renovated Top-Floor 2-Bedroom Leasehold Condominium with Ocean Views — West Maui Trades. Welcome to Unit A301 at West Maui Trades, a beautifully renovated ...

  • 2 Beds
  • 1 Baths
  • 410956 MLS
  • West Maui Trades Bldg.
  • Leasehold Tenure
Courtesy of Living Maui Real Estate LLC

Listing courtesy of Living Maui Real Estate LLC.

3676 Lower Honoapiilani Rd Unit B301, Lahaina image
3676 Lower Honoapiilani Rd Unit B301, Lahaina — West Maui Trades $225,500

Beautifully Renovated Top-Floor 2-Bedroom Leasehold Condominium at West Maui Trades. Completely renovated in early 2021, Unit B301 offers a fresh, modern interior with ex...

  • 2 Beds
  • 1 Baths
  • 410955 MLS
  • West Maui Trades Bldg.
  • Leasehold Tenure
Courtesy of Living Maui Real Estate LLC

Listing courtesy of Living Maui Real Estate LLC.

3559 Lower Honoapiilani Rd Unit 6C, Lahaina image
3559 Lower Honoapiilani Rd Unit 6C, Lahaina — Maui Sands I $152,000 ▼

Maui Sands 6C is a LEASEHOLD, ground floor, 2 bedroom and 1 bathroom condominium located in Honokowai. This ocean front complex offers an in-ground swimming pool, BBQ are...

  • 2 Beds
  • 1 Baths
  • 410915 MLS
  • Maui Sands I Bldg.
  • Leasehold Tenure
Courtesy of Hawaii Life (L)

Listing courtesy of Hawaii Life (L).

3875 Lower Honoapiilani Rd Unit B304, Lahaina image
3875 Lower Honoapiilani Rd Unit B304, Lahaina — Hale Mahina $369,000

Welcome to Hale Mahina B304, a beautifully remodeled, fully furnished, turnkey oceanfront leasehold condo with direct Pacific Ocean views from the private lanai. Enjoy sp...

  • 1 Beds
  • 1 Baths
  • 410882 MLS
  • Hale Mahina Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-Ki

Listing courtesy of Keller Williams Realty Maui-Ki.

3445 Lower Honoapiilani Rd Unit 615, Lahaina image
3445 Lower Honoapiilani Rd Unit 615, Lahaina — Kaanapali Shores $574,000

Kaanapali Shores 615 - BEACHFRONT RESORT LIVING AT KAANAPALI SHORES! This beautifully appointed inner-courtyard two-bedroom, two-bath leasehold residence offers an except...

  • 2 Beds
  • 2 Baths
  • 410733 MLS
  • Kaanapali Shores Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

3559 Lower Honoapiilani Rd Unit 1D, Lahaina image
3559 Lower Honoapiilani Rd Unit 1D, Lahaina — Maui Sands I $199,000

Welcome to Unit 1D at Maui Sands, a beautifully maintained oceanfront condominium complex in West Maui. This ground floor 2-bedroom, 1-bath residence offers effortless is...

  • 2 Beds
  • 1 Baths
  • 410673 MLS
  • Maui Sands I Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

4521 Lower Honoapiilani Rd Unit 2A2, Lahaina image
4521 Lower Honoapiilani Rd Unit 2A2, Lahaina — Kahana Outrigger $1,199,000

LEASEHOLD PROPERTY. LOCATION, LOCATION, LOCATION. An oceanfront setting like this is a rare find in West Maui. This 3-bedroom, 3-bathroom ground-floor condo is located i...

  • 3 Beds
  • 3 Baths
  • 410597 MLS
  • Kahana Outrigger Bldg.
  • Leasehold Tenure
Courtesy of Compass-W

Listing courtesy of Compass-W.

250 Hauoli Rd Unit 304, Wailuku image
250 Hauoli Rd Unit 304, Wailuku — Kanai A Nalu $779,000 ▼

Breathtaking panoramic views! Enjoy Front row in this beautifully positioned direct oceanfront 2-bedroom, 2-bath residence offering 952 square feet of island living. From...

  • 2 Beds
  • 2 Baths
  • 410568 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Century 21 Island Homes

Listing courtesy of Century 21 Island Homes.

2661 Kekaa Dr Unit G103, Lahaina image
2661 Kekaa Dr Unit G103, Lahaina — Maui Eldorado I $450,000

Discover the incredible potential of this leasehold property and experience the best of Ka’anapali resort living in G103 at the renowned Maui Eldorado Resort. This beauti...

  • 1 Baths
  • 410499 MLS
  • Maui Eldorado I Bldg.
  • Leasehold Tenure
Courtesy of Real Broker

Listing courtesy of Real Broker.

30 Hauoli St Unit 411, Wailuku image
30 Hauoli St Unit 411, Wailuku — Maalaea Yacht Marina $285,000

BEST VALUE IN MAALAEA! Top-floor 1-bedroom, 1-bath leasehold unit at secure, elevator-coded Maalaea Yacht Marina. Sold fully furnished (586 sq ft), this is the lowest-pri...

  • 1 Beds
  • 1 Baths
  • 410490 MLS
  • Maalaea Yacht Marina Bldg.
  • Leasehold Tenure
Courtesy of REMAX Hawaii Maui

Listing courtesy of REMAX Hawaii Maui.

3660 Lower Honoapiilani Rd Unit 302, Lahaina image
3660 Lower Honoapiilani Rd Unit 302, Lahaina — Honokowai East $179,000 ▼

Enjoy stunning tropical ocean views from this third floor studio unit on west Maui, across the street from the ocean. You can easily walk to fabulous local shops, dining,...

  • 1 Baths
  • 410445 MLS
  • Honokowai East Bldg.
  • Leasehold Tenure
Courtesy of Maui No Ka Oi Properties

Listing courtesy of Maui No Ka Oi Properties.

250 Hauoli St Unit 314, Wailuku image
250 Hauoli St Unit 314, Wailuku — Kanai A Nalu $549,000

Enjoy stunning, direct ocean front views -- watch the boats coming in and out of the harbor, and the whales right off your lanai from this beautifully remodeled, contempo...

  • 2 Beds
  • 2 Baths
  • 410424 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-Ki

Listing courtesy of Keller Williams Realty Maui-Ki.

3445 Lower Honoapiilani Rd Unit 941, Lahaina image
3445 Lower Honoapiilani Rd Unit 941, Lahaina — Kaanapali Shores $495,000

Welcome to Your Oceanfront Paradise: Kaanapali Shores 941 Experience the Ultimate in Oceanfront Living Wake up to the serene and panoramic ocean views from your penthous...

  • 1 Beds
  • 1 Baths
  • 410392 MLS
  • Kaanapali Shores Bldg.
  • Leasehold Tenure
Courtesy of Real Broker

Listing courtesy of Real Broker.

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