03-23-2011, 07:49 PM
I understand what you're saying, John, but in point of fact of actual usage, the ag condo is treated differently by the owners. In a condo complex, the entire outside area (other than lanai) is treated as a common area. In an ag condo, the owners respect a boundary on the land as well the interior of the building. Like I said, I have lived in two of them, and there was never any question at all of the other CPR owner acting like what was mine was his or vice versa. It was all very clear. The other owner landscaped his land, and we landscaped ours, with no concern that our investments were not solidly our own. Walls were built, and none of the improvements were owned in common.
We signed an agreement as to the water usage as part of the purchase, and there was never any question of anyone letting the water bill slide. Nor do I know anyone who has had their water turned off.
When we sold the property, there was not the slightest issue about it being a CPR, just one more set of docs to review and an approval contingency similar to CC&R's. Not an issue.
That said, we weren't dealing with absentee owners or anything like that.
While this form of ownership may not be real common in parts of the island, it is very common in Kohala, where there are lots of ag condos and few if any condo complexes. In fact, last year my husband and I looked at a property up near Hawi, and it too was a CPR. It was very easy to do prior to 2003 or thereabouts.
There are a lot of ag parcels up there that aren't suitable for farms, and where one acre was more than enough for people. I have seen a number of them where a Hui created a multi-unit CPR for a family, probably as a way of dividing an inheritance. When we first came here looking for property, and looked in Kohala, we were shown one CPR property after another.
It is really not something to fear. I had never heard of it before I moved here either, but I have no complaints after buying and selling two of them, and I would not be afraid to buy another one.
We signed an agreement as to the water usage as part of the purchase, and there was never any question of anyone letting the water bill slide. Nor do I know anyone who has had their water turned off.
When we sold the property, there was not the slightest issue about it being a CPR, just one more set of docs to review and an approval contingency similar to CC&R's. Not an issue.
That said, we weren't dealing with absentee owners or anything like that.
While this form of ownership may not be real common in parts of the island, it is very common in Kohala, where there are lots of ag condos and few if any condo complexes. In fact, last year my husband and I looked at a property up near Hawi, and it too was a CPR. It was very easy to do prior to 2003 or thereabouts.
There are a lot of ag parcels up there that aren't suitable for farms, and where one acre was more than enough for people. I have seen a number of them where a Hui created a multi-unit CPR for a family, probably as a way of dividing an inheritance. When we first came here looking for property, and looked in Kohala, we were shown one CPR property after another.
It is really not something to fear. I had never heard of it before I moved here either, but I have no complaints after buying and selling two of them, and I would not be afraid to buy another one.