Freehold

usgb/ˈfriːhəʊld/
noun

The ownership of a property for an unlimited amount of time.

She bought a freehold house because she didn't want to worry about lease renewals.
Visual representation of "freehold" - The ownership of a property for an unlimited amount of time.

Often appears as...

  • buy a freehold
  • sell a freehold

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "freehold"
LampPro Tip 1/3

Property Continuity

Freehold means you own the property forever, without ever having to renew ownership.

Illustration for Property Continuity
His family's home has been a freehold possession for generations.
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No Ground Rent

With freehold, you don't pay ground rent, which is a fee leaseholders pay to the landowner.

Illustration for No Ground Rent
Moving to a freehold meant they no longer paid monthly ground rent.
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Full Control

Owning a freehold gives you complete control over the property and land, including making alterations.

Illustration for Full Control
They could renovate their freehold house without seeking permission.
Visual representation of the word "Freehold"

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