Definition: Freehold property can be defined as any estate which is "free from hold" of any entity besides the owner. Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations. Sale of a freehold ...
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.
What Does Freehold Property Mean? Freehold property is any type of property that is free of any hold by any entity other than the owner of the property. It is not subjected to maintenance fees and must only follow the laws and regulations of the area that it is in.
AA flying freehold exists where part of a freehold property overhangs a freehold property owned by a third party. EMYR PIERCE; The Property Doctor Badr is an ITC (Integrated Tourist Complex) Freehold development allowing Non-Omani Nationals to acquire a freehold property in the Sultanate of Oman.
In common law jurisdictions like England and Wales, Australia, Canada, and Ireland, a freehold is the common ownership of real property, or land, and all immovable structures attached to such land. It is in contrast to a leasehold: in which the property reverts to the owner of the land after the lease period has expired.
Define freehold. freehold synonyms, freehold pronunciation, freehold translation, English dictionary definition of freehold. n. 1. Law a. A form of estate in which possession is held in fee, in tail, for the duration of the person's life, or during the life of some other person....
Both freehold and leasehold land plots will be sold - buyers then organise and pay for the building on the plots. Times, Sunday Times (2016) PROPERTY pundits think that in some parts of the country, freehold properties could become a thing of the past. The Sun (2016) The company sells on the freehold of its properties to other investors.
Freehold definition is - a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held; also : an estate held by such tenure. a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held; also : an estate held by such tenure… See the full definition. SINCE 1828.
Freehold definition, an estate in land, inherited or held for life. See more. ... Of the freehold farms that had been its strength scarce five thousand were left in the land. Hero Tales of the Far North | Jacob A. Riis. On the other hand, the acquisition of the meadow as a freehold would render my little property more compact and complete. A ...
If you’d like more tailored advice, please consider becoming a member of HomeOwners Alliance so that we can offer you more support. Comment by Sara Hind — March 19, 2018 @ 4:10 pm. I own a freehold property – a house – that is within an estate of relatively new properties, containing a mix of freehold and leasehold, houses and flats.