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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.
Freehold is used in the laws of many Commonwealth countries. It comes from the United Kingdom.
References[change | change source]
- ↑ Roberts, Chris (2006). Heavy Words Lightly Thrown: The Reason Behind Rhyme. Waterville, Me.: Thorndike Press. ISBN 0-7862-8517-6.