Freehold

This is a legal interest in land or property.

The term freehold or freehold estate is used to describe a person's interest or the title in land or property that they own.  It means that the freeholder has a title and owns the property outright. This can be contrasted with someone who owns a leasehold interest. There are different forms of interest and therefore the word is used to describe land or property which is 'permanently' owned.

A freehold title gives the the owner the right to occupy the estate and leave it to their heirs or sell it.  It is theirs to do with as they wish.  If it were a leasehold interest, for example, then the property is not the lessee's outright and at the end of the lease their interest comes to an end.

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