Freehold (law)

legal term

In property law, a freehold (also called frank-tenement) is the ownership of real property. This includes land and everything that naturally comes with it, such as buildings, trees and natural resources. Freehold is different to a leasehold, in which the property is kept by the owner of the land after the lease has expired.[1] Ownership of a freehold estate is indefinite amount of time.

Freehold is used in the laws of many Commonwealth countries. It comes from the United Kingdom.

ReferencesEdit

  1. Roberts, Chris (2006). Heavy Words Lightly Thrown: The Reason Behind Rhyme. Waterville, Me.: Thorndike Press. ISBN 0-7862-8517-6.