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Only 72 landowners owned 47.5% of the fee simple titles in the island of Oahu, and the Hawaii State Legislature concluded that there was an oligopoly in land ownership that was "skewing the State's residential fee simple market, inflating land prices, and injuring the public tranquility and welfare."
The Facebook founder and billionaire Mark Zuckerberg came under scrutiny in 2017 when he attempted to integrate property titles that had been established by the Kuleana Act into a 700-acre (280 ha) estate, which he intended to assemble in Hawaii by using quiet title lawsuits to establish the ownership of ambiguously-titled parcels of land. [3]
A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute", which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination). [1]
Annaleine “Anne” Reynolds snapped up some vacant land in Hawaii for about $22,500 at an auction back in 2018. Reynolds planned to create a picturesque oceanview home using sustainable ...
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Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
A Honolulu City Council resolution wants state lawmakers to address what it deems are “drastic ” increases in property insurance premiums paid by homeowners across Oahu, particularly for those ...
However, new types of land ownership is generally disallowed, under the numerus clausus principle, unless they are introduced by legislation. [13] In most states, full ownership of land is known as fee simple, fee simple absolute, or fee. [14] Fee simple refers to a present interest in the land, which continues indefinitely into the future. [14]