freehold


Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
Related to freehold: freehold property

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 ?
Mr Thomas added: "Ground rent costs can escalate quickly, and many developers have sold the freehold onto third parties meaning leaseholders can find it difficult to track down the true owner of their property.
If they hold Freehold title deeds or 999 year leases, those were both preserved by the Constitution.
Residents had claimed that they were effectively prisoners in their own homes as the freehold situation had made their properties virtually unsellable.
The success of Al Qamra is attributed to a number of key factors - ideal location, freehold access, variety of land sizes and sufficient communal facilities, all enveloped in a vision of harmonious living; therefore, we look forward to exerting our best efforts in facilitating the infrastructure work in order to finalize its development ahead of its expected timeframe of completion," he noted.
The issue comes when builders then sell the freehold separately to an investment company without informing the lease holder, which they are legally entitled to do.
Target: Freehold interest of Maldron Hotel Porlaoise, adjacent Midway Foodcourt
Freehold Capital Partners is the world's largest originator and owner of capital recovery fees, also known as private transfer fees.
Springsteen, 67, was raised in Freehold and still lives in New Jersey.
Producers pay a mineral tax, while the royalties go to the property owners, in this case Freehold.
Owen Youn Y g, partner at Alder King's Cardiff office, said: "These units were originally offered to the market as one property on a leasehold or freehold basis, with the option of sub-division.
In Abu Dhabi, developers will be looking for a bit of help from the authorities, in particular by being able to sell properties in special investment zones as full freehold for nationalities other that UAE and GCC citizens.
The club confirmed last Friday that Mrs Seppala - boss of Coventry City's owners Sisu - had written to Coun Lucas to agree to the talks, stating: "We were pleased to note that Coun Ann Lucas has clarified her position and is prepared to discuss a freehold sale of the Ricoh Arena.