Property Q&A in Waikiki>Question Details

sanghaelove87, Home Buyer in Honolulu, HI

Is this Fee Simple?

Asked by sanghaelove87, Honolulu, HI Tue Mar 12, 2013

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This question was asked from this property: http://www.trulia.com/property/1087692915-1860-Ala-Moana-Blv…

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4
No, it's Leasehold (LH) The lease fee expires in 2039. The monthly lease rent is $639 till 2019 when it is renegotiated. The maintenance fee is $1135/month. Hope this helps.
0 votes Thank Flag Link Tue Mar 12, 2013
This unit is leasehold and the fee is not available at this time. The fee expires in 2039 and will be renegotiated in 2019. At the last renegotiation (2009) the fee was not offered. It was offered in 1999 to owner occupied units only and was about $100,000. Let me know if you have any other question about the Wailana at Waikiki as I currently own a unit there.
Aloha!

Monique
0 votes Thank Flag Link Tue Mar 12, 2013
No, its Leasehold. Leasehold is just what the name implies. Its just a lease and you do not own the Fee interest in the property. At this pricepoint it is probably wiser to get a smaller unit but Fee Simple.
0 votes Thank Flag Link Tue Mar 12, 2013
Aloha,

This property is leasehold and the fee is no longer available.
0 votes Thank Flag Link Tue Mar 12, 2013
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