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In Anglo-American law, ownership of a substantial interest in real property (seereal and personal property) held for an indefinite period. The term originally designated the owner of an estate held in free tenure, who possessed, under the Magna Carta, the rights of a free man. Today a freehold is distinguished from a leasehold, a contract to hold real property for a specified period. See alsocopyhold, fee, landlord and tenant.
This entry comes from Encyclopædia Britannica Concise. For the full entry on freehold, visit Britannica.com.