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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:

250 Hauoli St Unit 407, Wailuku image
250 Hauoli St Unit 407, Wailuku — Kanai A Nalu $399,900

MOTIVATED SELLER! Welcome to Kanai A Nalu 407! The orientation of this top floor ocean view unit offers incredible sunrises over Haleakala and remains cooler in the afte...

  • 2 Beds
  • 2 Baths
  • 410735 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Hawaii Life (W)

Listing courtesy of Hawaii Life (W).

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

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 in Kahana Outrigger’s...

  • 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 $879,000

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 $189,000

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.

3660 Lower Honoapiilani Rd Unit 108, Lahaina image
3660 Lower Honoapiilani Rd Unit 108, Lahaina — Honokowai East $99,000

Discover the ultimate deal with the lowest priced condo on Maui, right at your fingertips! Imagine stepping out of your ground floor retreat and taking a leisurely stroll...

  • 1 Baths
  • 410412 MLS
  • Honokowai East Bldg.
  • Leasehold Tenure
Courtesy of Moffett Properties LLC

Listing courtesy of Moffett Properties LLC.

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.

250 Hauoli St Unit 417, Wailuku image
250 Hauoli St Unit 417, Wailuku — Kanai A Nalu $899,000

Your front row seat to paradise and oceanfront luxury awaits at Kanai A Nalu #417! This exceptional 4th-floor 2-bedroom, 2-bath residence offers breathtaking panoramic vi...

  • 2 Beds
  • 2 Baths
  • 410311 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Century 21 Island Homes

Listing courtesy of Century 21 Island Homes.

2661 Kekaa Dr Unit E102, Lahaina image
2661 Kekaa Dr Unit E102, Lahaina — Maui Eldorado I $479,000 ▼

Pristine, immaculate, totally turnkey, and spacious - just a few of the superlatives that come to mind when describing Maui Eldorado E102. Boasting 960 sf - this one bed...

  • 1 Beds
  • 1 Baths
  • 410304 MLS
  • Maui Eldorado I Bldg.
  • Leasehold Tenure
Courtesy of Maui Luxury Real Estate LLC

Listing courtesy of Maui Luxury Real Estate LLC.

2661 Kekaa Dr Unit J113, Lahaina image
2661 Kekaa Dr Unit J113, Lahaina — Maui Eldorado I $550,000

Welcome to Maui Eldorado J113, a spacious ground-floor suite with an expansive private lanai that extends your living space into the tropical outdoors. Ideally situated i...

  • 1 Beds
  • 1 Baths
  • 410286 MLS
  • Maui Eldorado I Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop-KP

Listing courtesy of Coldwell Banker Island Prop-KP.

2881 S Kihei Rd Unit 30, Kihei image
2881 S Kihei Rd Unit 30, Kihei — Maui Hill $840,000

Experience island living at its finest in this beautifully 1-bedroom, 2-bath condo. It Location at pool side and Ocean View is one of Maui Hill Resorts, best Location ...

  • 1 Beds
  • 2 Baths
  • 410234 MLS
  • Maui Hill Bldg.
  • Leasehold Tenure
Courtesy of Kokua Realty LLC

Listing courtesy of Kokua Realty LLC.

3445 Lower Honoapiilani Rd Unit 137, Lahaina image
3445 Lower Honoapiilani Rd Unit 137, Lahaina — Kaanapali Shores $477,000

Wake up to birdsong and swaying palms in this beautifully furnished 2-bedroom, 2-bath ground-floor condo at the oceanfront Kaanapali Shores resort. Step directly from you...

  • 2 Beds
  • 2 Baths
  • 410165 MLS
  • Kaanapali Shores Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-Ka

Listing courtesy of Keller Williams Realty Maui-Ka.

2450 S Kihei Rd Unit 402, Kihei image
2450 S Kihei Rd Unit 402, Kihei — Kamaole Nalu $1,149,000

Rarely does a two bedroom condominium on Maui's South Shore check every box this completely. Kamaole Nalu 402 sits on the fourth floor of a true oceanfront complex, situa...

  • 2 Beds
  • 2 Baths
  • 410134 MLS
  • Kamaole Nalu Bldg.
  • Leasehold Tenure
Courtesy of Sunny Maui Vacations

Listing courtesy of Sunny Maui Vacations.

4521 Lower Honoapiilani Rd Unit 1A1, Lahaina image
4521 Lower Honoapiilani Rd Unit 1A1, Lahaina — Kahana Outrigger $1,100,000 ▼

Welcome to Kahana Outrigger, an exclusive oceanfront Leasehold boutique complex consisting of only 16 spacious residences in the heart of Kahana. This beautifully appoint...

  • 3 Beds
  • 3 Baths
  • 410099 MLS
  • Kahana Outrigger Bldg.
  • Leasehold Tenure
Courtesy of Pacific Image Properties

Listing courtesy of Pacific Image Properties.

4365 Lower Honoapiilani Rd Unit 603, Lahaina image
4365 Lower Honoapiilani Rd Unit 603, Lahaina — Royal Kahana $249,000 ▼

Royal Kahana #603 | Oceanfront Studio | $250,000 — One of West Maui’s most accessible entry points into a hotel-zoned beachfront building, where short-term rentals are no...

  • 1 Baths
  • 410008 MLS
  • Royal Kahana Bldg.
  • Leasehold Tenure
Courtesy of Island Sotheby's International Realty(L)

Listing courtesy of Island Sotheby's International Realty(L).

191 N Kihei Rd Unit 502, Kihei image
191 N Kihei Rd Unit 502, Kihei — Kealia $399,000 ▼

Hotel zoned and sitting right on the sands of Sugar Beach, Kealia 502 is a charming 1-bedroom, 1-bathroom condo with one of the most coveted views in the complex. Straigh...

  • 1 Beds
  • 1 Baths
  • 409938 MLS
  • Kealia Bldg.
  • Leasehold Tenure
Courtesy of eXp Realty

Listing courtesy of eXp Realty.

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