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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 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 $489,000

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 $1,250,000

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 $250,000

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 $419,000

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.

2661 Kekaa Dr Unit L-202, Lahaina image
2661 Kekaa Dr Unit L-202, Lahaina — Maui Eldorado Ii $499,000

Unit L-202 at the Maui Eldorado is a bright and spacious fully tiled second floor location with a view of the ocean and the island of Molokai in the distance. Enjoy shady...

  • 1 Beds
  • 2 Baths
  • 409933 MLS
  • Maui Eldorado Ii Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

2481 Kaanapali Pkwy Unit 1120 V, Lahaina image
2481 Kaanapali Pkwy Unit 1120 V, Lahaina — Whaler I $40,000

Whaler 1120 V -Experience the beauty of Kaanapali from this  a one-bedroom, one-bath interval ownership opportunity ideally situated on the north side of Tower I. Enjoy b...

  • 1 Beds
  • 1 Baths
  • 409888 MLS
  • Whaler I Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

30 Hauoli St Unit 410, Wailuku image
30 Hauoli St Unit 410, Wailuku — Maalaea Yacht Marina $679,000 ▼

Best in the complex! Top-corner Penthouse unit featuring a wraparound lanai and stunning ocean views. No expense has been spared in this beautifully maintained condo. Lon...

  • 2 Beds
  • 2 Baths
  • 409819 MLS
  • Maalaea Yacht Marina Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop-Ku

Listing courtesy of Coldwell Banker Island Prop-Ku.

2450 S Kihei Rd Unit 202, Kihei image
2450 S Kihei Rd Unit 202, Kihei — Kamaole Nalu $947,000 ▼

Imagine waking up to gentle trade winds, stepping onto your private lanai, and watching the Pacific sparkle as the sun sets over Kamaole Beach. This is daily life at Kama...

  • 2 Beds
  • 2 Baths
  • 409683 MLS
  • Kamaole Nalu Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-Ki

Listing courtesy of Keller Williams Realty Maui-Ki.

3660 Lower Honoapiilani Rd Unit 104, Lahaina image
3660 Lower Honoapiilani Rd Unit 104, Lahaina — Honokowai East $140,000

Lowest listed at Honokowai East! Ground floor studio leasehold apartment up for grabs. Easy to show, contact your favorite realtor today.

  • 1 Baths
  • 409638 MLS
  • Honokowai East Bldg.
  • Leasehold Tenure
Courtesy of Clive Realty

Listing courtesy of Clive Realty.

2881 S Kihei Rd Unit 107, Kihei image
2881 S Kihei Rd Unit 107, Kihei — Maui Hill $639,000

Tucked into the lush tropical grounds of Maui Hill, Unit 107—lovingly known as the “Honeymoon Suite”—captures the warmth, romance, and easy rhythm of South Maui living. T...

  • 1 Beds
  • 2 Baths
  • 409619 MLS
  • Maui Hill Bldg.
  • Leasehold Tenure
Courtesy of Hawaii Life (W)

Listing courtesy of Hawaii Life (W).

191 N Kihei Rd Unit 209, Kihei image
191 N Kihei Rd Unit 209, Kihei — Kealia $245,000 ▼

Wake each morning to the sound of waves and the golden glow of Maui’s shoreline from this beautifully remodeled beachfront studio at Kealia Resort. Nestled along the expa...

  • 1 Baths
  • 409592 MLS
  • Kealia Bldg.
  • Leasehold Tenure
Courtesy of Hawaii Life (W)

Listing courtesy of Hawaii Life (W).

3875 Lower Honoapiilani Rd Unit B404, Lahaina image
3875 Lower Honoapiilani Rd Unit B404, Lahaina — Hale Mahina $649,000

There are places that feel less like properties and more like invitations — invitations to slow down, breathe deeper, watch the whales pass by, and remember what really m...

  • 2 Beds
  • 2 Baths
  • 409581 MLS
  • Hale Mahina Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-Ka

Listing courtesy of Keller Williams Realty Maui-Ka.

2881 S Kihei Rd Unit 100, Kihei image
2881 S Kihei Rd Unit 100, Kihei — Maui Hill $699,900

Well kept and nicely appointed vacation rental located near the top of the complex. This is a very spacious 2 bed, 2 bath with an open floor plan that appeals to visitors...

  • 2 Beds
  • 2 Baths
  • 409371 MLS
  • Maui Hill Bldg.
  • Leasehold Tenure
Courtesy of Coldwell Banker Island Prop(S)

Listing courtesy of Coldwell Banker Island Prop(S).

250 Hauoli St Unit 208, Wailuku image
250 Hauoli St Unit 208, Wailuku — Kanai A Nalu $430,000 ▼

Welcome to Kanai A Nalu 208 a beautifully renovated second-floor unit offering views over the pool and out to the ocean. This inviting 2-bedroom, 2-bathroom condo has bee...

  • 2 Beds
  • 2 Baths
  • 409306 MLS
  • Kanai A Nalu Bldg.
  • Leasehold Tenure
Courtesy of Hawaii Life (W)

Listing courtesy of Hawaii Life (W).

3445 Lower Honoapiilani Rd Unit 455, Lahaina image
3445 Lower Honoapiilani Rd Unit 455, Lahaina — Kaanapali Shores $749,000

Kaanapali Shores 455- Hotel Zone Property. This 2 Bedroom 2 bathroom with a loft that is being used as a full 3rd bedroom and a den plus extra storage closet. Experience ...

  • 3 Beds
  • 2 Baths
  • 409301 MLS
  • Kaanapali Shores Bldg.
  • Leasehold Tenure
Courtesy of Keller Williams Realty Maui-L

Listing courtesy of Keller Williams Realty Maui-L.

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