Property Ownership
Under Hawaiian law, what is a 'kuleana' land?
AA. State-owned conservation land
BB. Land awarded to native Hawaiians under the Kuleana Act of 1850 for farming and residence✓ Correct
CC. Agricultural cooperative land
DD. Land held in trust by the state for public use
Explanation
Kuleana lands are small parcels awarded to native Hawaiian commoners under the Kuleana Act of 1850, following the Mahele. These parcels often have complex title histories.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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