Which Kailua Condos for Sale are Fee Simple?
As of Saturday, January 20, there are exactly 37 condos for sale on Kailua that are Fee Simple.
What is a Fee Simple Kailua Condo?
According to the Honolulu Board of Realtors, buying a Fee Simple Kailua Condo means you acquire ownership of the entire property, including both the land and buildings. The fee simple owner of Kailua real estate does not pay ground rent (leashold), but does pay maintenance fees and real property taxes. The fee simple owner of a Kailua Condo has the right to possess, use the land and dispose of the land as they wish - sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death.
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