Property Ownership
In Hawaii, what is the most common form of leasehold ownership, especially in Honolulu?
AA. Fee simple absolute
BB. Estate for years (ground lease)✓ Correct
CC. Life estate
DD. Tenancy at will
Explanation
Ground leases (estate for years) are common in Hawaii, particularly on Oahu. Owners of buildings may lease the land from large landowners such as the Bishop Estate or Kamehameha Schools.
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