Property Ownership
In Hawaii, leasehold ownership means the buyer:
AOwns both the land and the improvements in fee simple
BOwns the improvements but leases the land from a landowner✓ Correct
CHas a lifetime right to use but cannot sell the property
DHolds the property in trust for future generations
Explanation
Leasehold ownership in Hawaii means the buyer owns the structures/improvements on the property but leases the underlying land from the landowner. Ground lease payments are made periodically, and ownership reverts to the landowner at lease expiration.
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