freehold Definition
an estate in land, especially one held in fee simple or for life.
Using freehold: Examples
Take a moment to familiarize yourself with how "freehold" can be used in various situations through the following examples!
Example
He bought the freehold of the house.
Example
The property is available on a freehold basis only.
Example
The freehold of the land was transferred to the new owner.
freehold Synonyms and Antonyms
Phrases with freehold
a comparison between two types of property ownership, leasehold being a temporary right to occupy a property, and freehold being an absolute ownership of the property
Example
The difference between leasehold and freehold is that leasehold is a temporary right to occupy a property, while freehold is an absolute ownership of the property.
the process of converting a leasehold property into a freehold property
Example
The enfranchisement of freehold can be a complex process, but it can provide greater security and value to the property owner.
freehold covenants
legal agreements that restrict the use of a freehold property, often used to maintain the value and character of the surrounding area
Example
Freehold covenants can prevent the owner from making certain changes to the property, such as building extensions or using it for commercial purposes.
Summary: freehold in Brief
The term 'freehold' [ˈfriːhəʊld] refers to an estate in land, especially one held in fee simple or for life. It denotes absolute ownership of the property, as opposed to leasehold, which is a temporary right to occupy a property. Examples include 'He bought the freehold of the house.' and 'The property is available on a freehold basis only.'
