HRS §514B-36
Leasing land for a condo unit
This section allows a condominium unit owner to lease the land under the unit while owning the unit itself. It says this arrangement does not split the common areas or separate the unit from its share of common property. A deed for the unit with a land lease does not transfer land ownership.
condominium ownershomebuyersreal estate agents
The statute, as written — Leasehold units
An undivided interest in the land that is subject to a condominium property regime equal to a unit's common interest may be leased to the unit owner, and the unit and its common interest in the common elements exclusive of the land may be conveyed to the unit owner. The conveyance of the unit with an accompanying lease of an interest in the land shall not constitute a division or partition of the common elements, or a separation of the common interest from its unit. Where a deed of a unit is accompanied by a lease of an interest in the land, the deed shall not be construed as conveying title to the land included in the common elements.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.