I have a leasehold condo. Why is it assessed as if fee simple ownership?
County ordinance states in Section 3.48.150 B of the Maui County Code that, “…real property shall be assessed in its entirety...” Leasehold ownership reflects only a partial interest in the property, whereas property assessments are based on the fee simple interest in the property.Maui County Code

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2. I have a leasehold condo. Why is it assessed as if fee simple ownership?
3. Why is a leasehold sale not used?
4. My condo is not in the rental pool. Why is it classified as short-term rental?
5. If the previous owner had the condo in vacation rental and I plan on using it for long-term rental, should I change the classification?