Here are some condos and townhomes throughout Oahu that are leasehold properties. Please bear in mind, leasehold property owners pay lease rent in addition to their mortgage and taxes. Lease terms must be longer than the mortgage, e.g. a lease must have 30+ years left for a buyer to obtain a 30 year mortgage on the property. See our Hawaii leasehold property guide for more information.
When you see a listing with a price that's too good to be true, it's probably leasehold. Leasehold properties can be bargains, but they just aren't as cheap as they appear. For example, a 2-bedroom condo may be listed for $50,000, while comparable properties are listed for $300,000. You can be sure that (for $50,000) it's leasehold. And either the lease is nearly expired or the lease rent is very high (or both). Some properties have lease rents of $20 per month, others have lease rents of $1,000 per month! And then there are maintenance fees on top of that.
Leasehold properties are harder to obtain financing on. In other words, buyers with no downpayment and poor credit may have a hard time buying leasehold. Buyers with CASH will have an easier time buying leasehold and everything else.
This is a sample of the properties available. Please fill out our contact form to see more leasehold property listings.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 2019-07-19.
Information is deemed reliable but not guaranteed.
Copyright: © 2019 by HiCentral MLS, Ltd.
Real estate listings held by brokerage firms other than Century 21 iProperties Hawaii are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Information cannot be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Information last updated on 2019-07-19.