02-15-2009, 03:48 PM
I forgot to add that at some leasehold properties you have to pay a certain percentage of the agricultural income to the landowner, and at some leasehold properties you can not even live on the property, you can only use it for agricultural purposes. Another very important factor: you can not buy a leasehold property on a 1031 Tax-Deferred Exchange unless there is at least 30 years remaining on the lease. As I mentioned it before, leasehold is a very, very complex issue. I know of only three other real estate agents here on the West side of the island who are familiar with the leasehold issue.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"