Freehold: meaning, definitions and examples
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freehold
[ˈfriːhoʊld ]
Definitions
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.
Interesting Facts
Etymology
- The term 'freehold' comes from Middle English, meaning to hold property freely without obligations to another landlord.
- The prefix 'free' indicates that the owner has no restrictions or leases, unlike 'leasehold' properties.
Legal Aspects
- In many countries, freehold ownership is considered the highest degree of ownership of property, giving the owner full rights.
- Freehold properties often protect owners from rising rents or eviction, providing stability and security for families.
Real Estate
- Freehold is contrasted with leasehold, where a property is rented for a specific period, after which ownership returns to the original landlord.
- In urban areas, freehold properties are often seen as valuable investments, typically commanding higher prices in the market.
Historical Context
- The concept of freehold dates back to feudal times when land was exchanged for service, gradually evolving to allow outright ownership.
- In some historical contexts, freehold was a reward for service to a monarch, leading to the gradual democratization of land ownership.
Cultural Perspectives
- In various cultures, owning land outright has been a symbol of wealth and stability, deeply woven into social structure.
- In many Indigenous cultures, the idea of freehold is often contrasted with communal land ownership, reflecting a fundamental difference in cultural values regarding land.
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