Property Ownership Terms

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

• The property is being sold as a freehold, meaning the buyer will own both the property and the land it sits on.
• My uncle recently bought a freehold property and he's really happy about it.
• I heard Sarah snagged a freehold house for a steal!
• In a way, owning a freehold property gives you a sense of security and permanence.

noun a piece of land owned or held by someone

adjective relating to the ownership or holding of land

• The landholding was passed down through generations within the family.
• His landholding is pretty impressive, he owns acres of land.
• I heard she's got a massive landholding out in the countryside.
• In the business world, having a strong landholding can be compared to having a solid foundation for success.

noun the state or condition of not being occupied or used

• Nonoccupancy of the property for an extended period may lead to maintenance issues.
• Leaving the property empty for too long can cause problems with upkeep.
• Ditching the place for too long can mess things up.
• The nonoccupancy of his heart left her feeling lonely and abandoned.

noun something that belongs to oneself

adjective referring to something belonging to oneself

• She decided to start her own business after years of working for others.
• I built my own computer from scratch.
• I gotta do my own thing and not worry about what others think.
• He must face his own demons before he can truly move on.

noun a person who owns something

• The owner of the company made an announcement about the upcoming changes.
• The owner of the restaurant is really friendly and always greets us with a smile.
• I heard the owner of that club is throwing a huge party next weekend.
• As the owner of your own destiny, you have the power to shape your future.

verb to jointly own something with one or more other people

• The business partners decided to co-own the company to share ownership and responsibilities.
• My brother and I are going to co-own a car together.
• Let's co-own this project and split the work evenly.
• We co-own the memories of our childhood, no one can take that away from us.

noun a person who shares ownership of a property with one or more other individuals

• The coproprietor of the property had to sign off on all major decisions.
• My sister is a coproprietor of the family business.
• The coproprietors of the apartment complex are throwing a party tonight.
• As coproprietors of the project, they had equal say in how it was managed.

noun a person who owns and rents out a property but does not live on or near the property

• The absentee landlord rarely visited the property, leaving all maintenance responsibilities to the tenants.
• Our absentee landlord never shows up for any of the tenant meetings.
• I heard our absentee landlord is too busy sipping cocktails on a beach somewhere to care about fixing our leaky roof.
• In a way, the government can be seen as an absentee landlord, making decisions without truly understanding the needs of the people.

noun A word that represents a person, place, thing, or idea.

adjective A word that describes or modifies a noun.

• The property was owned in absolute fee simple, giving the owner full rights to use, sell, or transfer the land.
• He inherited the land in absolute fee simple, so he can do whatever he wants with it.
• She basically owns that place in absolute fee simple, so she's the boss.
• Having the key to the city felt like being granted absolute fee simple over the entire town.