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What are Leasehold Properties in Hawaii? Why Banks Avoid Leasehold Properties | Real Estate Secret. Why Banks Avoid Leasehold Properties | Real Estate Secret A leasehold estate is a property where an owner, or lessor, leases real estate to a buyer, or lessee, for a specific period of time.

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Some houses are sold as leaseholds. In this case, you own the property but not the land it sits on, so you might need to pay ground rent to the freeholder. What's the difference between Leasehold vs Freehold Properties??

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