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. Ownership of a freehold estate is indefinite amount of time.
References[change | change source]
- Roberts, Chris (2006). Heavy Words Lightly Thrown: The Reason Behind Rhyme. Waterville, Me.: Thorndike Press. .