noun a type of estate in land where the owner has full control and ownership of the property, including the land and any buildings on it
In real estate, freehold refers to owning the land and any buildings on it indefinitely, as opposed to leasehold where ownership is for a set period of time.
In finance, freehold property can be used as collateral for loans or mortgages due to its long-term ownership status.
Freehold is a legal term used in property law to describe the ownership of property without any time limit attached.
Freehold refers to the ownership of land and buildings where the owner has full control and can use the property as they wish.
In legal contexts, freehold refers to the highest form of property ownership where the owner has full and permanent rights to the property.
Surveyors may refer to freehold when assessing property boundaries and ownership rights.