RE: Condominium Ownership

[Carey]

OG - perhaps this may clarify, some of us are answering on property that is not a "condo complex, but ag land that was divided in condo CPR.

Through out the county, there are these anomaly lots that were ag acreage lots that the owners wanted to build more than one house, and "subdivide". ***This is no longer done*** The county answered this with this strange little condo creation on ag acreage *** this is no longer done*** These are not "condo complexes", but a housing situation where more than one house & land owner are on an ag rated parcel with an acreage that would not allow subdividing into 2 lots (ie: 15 acre parcel in an AG-10.... you would need 20 acres to subdivide, the county used to allow a CPR to have 2 houses.... but this is no longer done)

[John S. Rabi]

quote:

---

Originally posted by Carey
OG - perhaps this may clarify, some of us are answering on property that is not a "condo complex, but ag land that was divided in condo CPR.

---

And some of us are answering on property that is a "condo complex" even if it's located in Hilo. And some of us are controversial and confrontational enough to try to find fault in everything.

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)

[Punatick]

It seems that Mr. Rabi is offering knowledge based on many years of professional practice, others give their opinions, which are just that and not necessarily based in fact of law or broad based practice. I would go with Mr. Rabi on this one. He will enlighten you as to why the way title is held matters and what tax considerations / implications, if any, would create a huge tax burden on the subsequent owner, etc. Only a professional would suggest that you look at a preliminary title, possibly use an attorney in your assessment of CPR in Hawaii.