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Fixed term leasehold condominiums in Japan have about 20 year history and have some assignments to prevent. This paper reveals the leasehold system and the situations of condominiums in Hawaii where has much experience than Japan. According to the increase of the land value, the rent is getting higher. In order to solve the rent revision conflict, there is a mediation system. The contents of the leasehold is determined by the individual contract rather than by law. The seller has to disclose the contents of the contract to prevent the dealing conflict. The reserve fund for repairs is provided as a compulsory expense to carry out the maintenance properly. The lessee has the right to purchase the leased fee and the Association of Apartment Owners has the right to refuse the lessor sell the fee to the third party.

LAW, SYSTEM AND CURRENT SITUATIONS OF FIXED TERM LEASEHOLD CONDOMINIUMS IN HAWAII