Dear Readers:  

Aloha and welcome to September on Maui!! Most schools on Maui have adopted the uniform, year round schedule and thus the school halls are in full swing as we wind up another gorgeous summer in Paradise. If you are on island this month be prepared for lots of eating! Sept 1^st “Maui Chefs Present…Rock N Roll Wok of Fame” – the 14^th annual elegant themed dinner and cocktail party under the stars, at the Hyatt in Kaanapali will feature West Maui’s top chefs. Held the dinner features 24 gourmet dishes, wines and entertainment; Sept. 8^th – 9^th “A Taste of Lahaina” – Maui’s largest culinary festival celebrates 15 years of tasting dishes from new & popular Maui County Restaurants; Sept 8^th – 10^th  “Lifefest Kapalua” – Hawaii’s premier health and wellness event that combines programs to educate the mind, rejuvenate the spirit, encourage fitness and promote Hawaiian cultural practices; Sept. 28^th – Oct. 1^st “84^th Maui County Fair” – the oldest and best fair in Hawaii. 

This month we have a question sent in from our website regarding the amount of leasehold property vs. fee simple. Although I can not give an exact answer I provide the following data to clarify. On Maui almost all of the “residential” and “agricultural” property is owned in fee simple, that is the owner owns the land underneath the improvements (home), if any. The majority of the “condominium” real estate is also owned in fee, in “urban zoned” land, as seen in the graph below. There has been a continued effort throughout the years to convert leasehold condominiums (owner pays lease fee to landowner) to fee simple ownership.

 This Graph represents the total condominium sales for 2006. 92% of the sales were condos owned in “fee simple” and 8% were owned in “leasehold.”

As always…Thank you for taking time out of your busy schedules to read our magazine and or stopping by our web site (www.maui-style.com or www.livingmaui.com ). Your continued participation and support of our publication, in all forms, is essential to our success.  We constantly strive to make your participation a memorable and educational experience. If you have topics of interest we can address in an upcoming article please let us know. If you have specific real estate questions on any of the properties or services mentioned throughout our magazine, please call our advertisers direct.  We have the MOST KNOWLEDGEABLE ADVERTISERS AROUND!!! Let them know you saw their ad in “Real Estate Maui Style,” a genuine “Made on Maui” product.  The only TRUE MAUI REAL ESTATE MAGAZINE… We’re LIVING MAUI. See you in October!!!