Cadmus Properties is proud to be part of a select group of real estate professionals in Hawaii capable of successfully negotiating and converting your leasehold property to fee simple ownership.
Our real estate professionals have over 30+ years of experience in dealing with lease hold properties in Oahu and can help you negotiate, purchase and convert your leasehold property to a fee-simple ownership.
A few projects Cadmus Properties has handled personally include:
Lease Fee Conversion Projects -
Kinau Villa - Rose Terrace - Hokulani - Ohua Gardens - Hanohano Hale - Pacific Monarch
Lease Rent Re-negotiations -
Punahou Arms - Pacific Gardens I
What is a Leased Fee?
A leased fee is the interest that is owned by a lessor. The lessor has leased his fee simple property to a lessees who built a condominium on the land.
Who is the Lessor?
The lessor is the owner of the land that has been leased to lessees.
What does the lessee own?
The lessee owns a leasehold condominium and the right to use the land for a set number of years, as outlined in the apartment lease including a proportionate share of the common interests such as the pool, recreational facilities, lobby,and anything else that is shared by the owners of the units in any project.
What is a lease-to-fee conversion?
A lease-to-fee conversion is when a leasehold condominium owner (lessee) purchases the land (leased fee) in the project to convert to fee simple ownership.
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