Property Valuation
In Hawaii, which factor most significantly affects the difference in value between leasehold and fee simple properties?
AA. The age of the improvements
BB. The remaining term of the ground lease and the lease rent amount✓ Correct
CC. The number of bedrooms and bathrooms
DD. The property's distance from the beach
Explanation
Leasehold values are heavily influenced by the remaining lease term and ground rent obligation. Shorter lease terms and higher lease rents reduce value compared to fee simple.
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