Home Buying in Pahoa>Question Details

Craig Osterb…, Home Buyer in Denver, CO

When one buys a home in Hawaii, does one also own the land upon which the house is built?

Asked by Craig Osterberg, Denver, CO Mon May 7, 2012

Help the community by answering this question:

Answers

6
YES IF IT IS "FEE SIMPLE".
IF HOME IS 'LEASEHOLD" YOU ARE ONLY LEASING PROPERTY. MOST LEASEHOLD PROPERTY IS STATE OWNED AGRICULTURAL LAND AND TO EVEN QUALIFY TO TAKE OVER LEASE YOU MUST HAVE BEEN A RESIDENT OF HAWAII FOR AT LEAST 3 YEARS AND SHOW DOCUMENTED PROOF OF 5 YEARS OF AGRICULTURAL EXPERIENCE.
ALOHA, KAREN
1 vote Thank Flag Link Mon May 7, 2012
THANK YOU FOR YOUR KNOWLEDGE !
0 votes Thank Flag Link Wed May 23, 2012
As long as you purchase "fee simple" property and not "lease hold" property.
0 votes Thank Flag Link Tue May 8, 2012
Mostly yes...you will want to search for 'fee simple' properties.
0 votes Thank Flag Link Mon May 7, 2012
Great explanation Karen! Aloha!

So, what do people do if they don't have any documented agricultural experience and 3 years of residence? Is it different for companies - or same as for individuals?
How do people new to Hawaii go about it? Buying "fee simple" - which is not as common?

We do have some leaseholds in FL, with 99 year lease term and the right to extend.

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Mon May 7, 2012
Hi Craig
That depends. If it is a single family home and the listing says "fee simple" then it works just as it does in Denver, meaning the owner of the home owns the land as well.
If it is a single family home and it says "leasehold" then someone else owns the land and the owner of the home only has a lease on it. You can ask the listing agent who the lessor is and how much time is left on the lease.
In a condominium, which includes Planned Unit Developments, most likely the land is treated as a limited common element under your building and as a common element elsewhere in the complex.
Aloha
Beth
0 votes Thank Flag Link Mon May 7, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer