Freehold: meaning, definitions and examples
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freehold
[ ˈfriːhoʊld ]
property ownership
A freehold refers to a type of property ownership where the owner has complete control over the land and the buildings on it for an indefinite period. This means that the owner can sell, lease, or inherit the property without any time limit. Freehold ownership contrasts with leasehold, where ownership is limited to a certain duration.
Synonyms
land tenure, ownership, real estate
Examples of usage
- Buying a freehold gives you full ownership rights.
- He invested in a freehold property for better security.
- The freehold status of the house allowed for renovations without restrictions.
legal term
In legal terms, freehold ownership is a title under which property is owned outright, as opposed to leasehold. Freehold is often considered the most complete form of ownership in real estate law.
Synonyms
absolute ownership, fee simple
Examples of usage
- Her estate was characterized by extensive freehold rights.
- The developers offered freehold options for new homes.
- Buying a freehold means you won't have to deal with landlords.
Translations
Translations of the word "freehold" in other languages:
🇵🇹 propriedade plena
🇮🇳 स्वामित्व
🇩🇪 Eigentum
🇮🇩 hak milik penuh
🇺🇦 вільна власність
🇵🇱 własność pełna
🇯🇵 自由保有
🇫🇷 pleine propriété
🇪🇸 propiedad plena
🇹🇷 mülk sahipliği
🇰🇷 자유 소유권
🇸🇦 الملكية الحرة
🇨🇿 plné vlastnictví
🇸🇰 plné vlastníctvo
🇨🇳 完全产权
🇸🇮 polna lastnina
🇮🇸 full eign
🇰🇿 толық меншік
🇬🇪 სრული საკუთრება
🇦🇿 tam mülkiyyət
🇲🇽 propiedad plena
Word origin
The term 'freehold' originates from Middle English, derived from combining 'free' and 'hold'. 'Free' signifies no restrictions or burdens, implying that the owner possesses all rights to the land without any external limitations. 'Hold' refers to possession or ownership of land or property. The concept of freehold as a type of land tenure has been in use since the feudal system, where land was held by lords in exchange for service or payment. Unlike leasehold arrangements, freeholds allow for permanent ownership, establishing a key distinction in property rights. Over the centuries, the significance of freehold ownership has evolved, becoming a foundational aspect of modern real estate law and a preferred choice for property buyers due to its inherent security and control.