Maui and the entire state of Hawaii is one of the most desirable places to live in the US. Unfortunately, It's also one of the smallest. Housing is at a premium, so property owners find ways to create more housing and if possible, make it affordable. Condominiumization is a method of dividing a parcel into a condominium property regime (CPR) allowing independent ownership of each area section or “condo”. While a CPR will allow you to sell off sections of your parcel or lot, with or without buildings, it does not change the zoning or permitted uses of that parcel or lot. When most people hear the word “condominium,” they usually think of an apartment-type unit in a multi-family building purchased as a home or as a rental property. But in this context, the term “condominium” is … [Read more...] about What is Condominiumization?
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