freehold

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freehold

An estate in land for life or in fee. The duration of the interest is undeterminable. The estate may end at some point in the future, but no one can predict the date of termination. Best understood by reference to its opposite, which is a leasehold.

References in periodicals archive ?
The plan has drawn objections not only from Howell officials, but from other concerned parties, many of whom showed up in Freehold Borough on the afternoon of July 27 to make their feelings known to the freeholders.
Other charges to be aware of: | | | GROUND rent (this is the charge for use of the land on which your property is situated) | BUILDINGS insurance (this is normally arranged by the freeholder or their agent) | | | GENERAL administration charges (If this is part of your leaseholder agreement, make sure you understand exactly how these are broken down) | Contesting charges you think are unfair IF you're unhappy with the charges or the way the property is managed you can do one of two things - make use of the Right to Manage, or appoint a new manager.
For example, does it give the freeholder the right to choose the insurance company which covers the property?
The Burlington County Board of Chosen Freeholders in New Jersey started planning for the management of their solid wastes in the late 1970s.
The Freeholder later on described "AN HOUR OF SUSPENSE", when the Town Hall was attacked by flames on all sides and the water supply was limited.
Magazzu has served as an elected Freeholder for Cumberland County Board of Chosen Freeholders since 1997.
The Morris County Board of Freeholders 2017 county road resurfacing program, that is targeting 32.
Most vertical leases will clearly state that the freeholder is responsible for arranging to have any remedial work done, while the leaseholders are responsible for paying for it.
Most leases have a clause stating that alterations must be approved by the freeholder (by them signing a licence to alter), although the lease will probably also say that permission can't reasonably be refused.
But the leasehold owner still has a landlord - called the freeholder - who owns the property outright.
Nathan Allen, Director of the City Department of Economic and Housing Development, Johnny Jones, Essex County Freeholder and Assistant Director to Dr.
Prior to his election as Mayor, he served as Essex County Administrator, business administrator for the city of Irvington, freeholder in Essex County, and director of the Department of Human Services for East Orange.