The attraction for many people regarding Lease hold land is that the properties are cheaper to buy because you are not buying the land underneath. You pay a monthly or biannual lease rent amount to use the land which is tax deductable and can make your overall cash flow on the property look quite attractive. However the downside is that these lease costs are renewed at certain intervals depending on the lessor and the terms in the lease. You have no control over what these increases may look like in the future and research on the property is needed and on the history of the increases by the specific lessor. However, here in Hawaii the Fee is sometimes offered to buy outright to the lesser. I have experience with these type of properties and can guide you through the process.