freehold

(redirected from Freeholders)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.

Freehold

A life estate, an interest in land the duration of which is restricted to the life or lives of a particular person or persons holding it, or an estate in fee, an interest in property that is unconditional and represents the broadest ownership interest recognized by law.

In order to be categorized as a freehold, an estate must possess the characteristics of (1) immobility—in the sense that the property must be either land, or some interest derived from or affixed to land—and (2) indeterminate duration.

Determinable freeholds are life estates created by language that provides that the estate is to terminate automatically upon the occurrence of a specified event.

freehold

n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety). (See: leasehold)

freehold

noun acres, domain, estate, estate for life, estate in fee, fee simple, feud, fief, hereditament, immune, interest in real property, land, landed estate, landed propprty, life estate, praedium liberum, property, real property, realty, territory, vested interest in land
See also: demesne, domain, dominion, estate, fee, land, leasehold, property, real estate

freehold

originally an estate of free tenure. Nowadays the term is used to denote a legal estate in FEE SIMPLE ABSOLUTE IN POSSESSION, the most complete form of ownership of land.
References in periodicals archive ?
1987, reorganized Bergen County%s 304 year-old freeholder form of government and established the eight county
The support of the Bergen County Freeholders underscores the significant impact of the LG project on our county and our state," said I.
Ms Ball, who runs a residential care home in Newbiggin, and Mr Hawthornthwaite, a tax adviser from nearby Ellington, became Freeholders after buying stints which came up for sale by auction in the last 18 months.
Getting your freeholder or co-freeholders to agree can be a long and painful process, and some have been known to unreasonably refuse or to ask for money in return for granting permission.
Here's some technical info with which to baffle your fellow freeholders - Scala is made of 100 per cent solution-dyed two-ply polypropylene for maximum durability and has been solution dyed for ease of maintenance.
Second, it is hard for me to see how FDR intended Social Security to generate more freeholders.
By 1856 the Sammis boys, Silvester and Ebenezer, had regained title to the 200 acres, and then they sold their rights to the lease and became freeholders nearby.
The NJAC Board is comprised of 26 members, 21 of them being freeholders representing each county.
The Ocean County Board of Chosen Freeholders is requesting proposals for the services provider licensed in the state of New Jersey to provide services for Drug & Alcohol Collection and Testing No.
Jo Ball, 60, and Miles Hawthornthwaite, 63, were taken to a remote corner of a seaside golf course and given a unique version of the "birthday bumps," to be formally introduced as Freeholders of Newbiggin-by-the-Sea, Northumberland.
Freeholders - also known as Lords of the Manor - have existed in Newbiggin-by-the-Sea since around 1235, following a charter granted by King John.
In return, freeholders have the right to make a "reasonable" charge, basically as compensation for having to wait an extra 90 years to get their property back.