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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The charity had offered to sell the freeholds to properties but no householder had so far taken the offer up, she said.
A spokesperson for Persimmon said: "We have been in discussions with a small number of residents to confirm to them that they may purchase the freeholds after a two-year period of ownership, and that Persimmon is committed to retaining ownership until then.
13 January 2015 - UK-based port operator Associated British Ports has acquired the freeholds of Marchwood and Cracknore Hard Industrial Estates as an addition to its existing holdings in the city and on Southampton Water, the company said on Tuesday.
But his informant has a very eccentric interpretation of our proposal to raise money by being prepared to sell the freehold interests it owns of the villas around the Park, which are on long leases.
On September 29, 1920, Huddersfield Corporation bought all the freeholds which had been owned by the Ramsden family for 300 years for pounds 1.3m, a large fortune in those days.
"There is a general shortage of smaller industrial units throughout the county, especially around Bromsgrove, (due to its close proximity to both the M5 and M42) where there is a micro-market boosting freehold prices by as much as between 25 per cent and 50 per cent for new readily available premises," added Mr Dillon.
Quoted in this month's Real Business magazine, Johnson said of the GRA group "we have a lot of valuable freehold property in the business" with the sentiment predictably leading to speculation about Risk Capital's long-term strategy for its pounds 50 million investment, especially as Johnson is also said to view greyhound racing as an industry in decline.
There are many other benefits to freehold ownership according to Bob Tattrie, managing director for Alfred McAlpine Developments.
However, the 1985 Housing Act states that there is an exception for charities which own freeholds, which are not obliged to extend a lease or sell the freehold for houses on their land.
Acquiring the two freeholds from pub group Punch will open new trading opportunities for the non-food side of the business and let it expand further, it said.
Whatever the law, it is morally wrong and very distasteful that companies which buy freeholds should be able to profit out of this situation by charging people massive sums to continue living in their own homes.