What does freehold mean?
A type of land ownership where the owner has permanent and unconditional possession of the land, without any restrictions or limitations. It is a form of tenure where the owner has the right to sell, transfer, or bequeath the land as they see fit.
Example
"The couple purchased a freehold property in the countryside, giving them complete control over the land."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.