According to Hawaii Administrative Rules, what term must be used to identify advertised leasehold properties?

The term "Leasehold" is mandated by Hawaii Administrative Rules to specifically identify advertised leasehold properties. This designation is crucial because it indicates that the property is held under a lease rather than owned outright in fee simple. Understanding this distinction is important for potential buyers or tenants, as leasehold arrangements typically involve different rights, responsibilities, and financial implications compared to fee simple ownership. When a property is advertised with the correct terminology, it ensures transparency for consumers, allowing them to make informed decisions about their real estate investments in Hawaii.

The other terms do not accurately reflect the specific nature of leasehold properties as required by regulations. For example, "Fee Simple Leasehold" can be misleading because it attempts to combine two different ownership types that do not coexist. "Ground Leased Unit" may imply a specific type of financing or construction arrangement that isn't as widely applicable. Similarly, "Leased" lacks the necessary specificity to inform potential buyers they are dealing with a leasehold property specifically, which could lead to confusion about their purchase rights.