freehold

2 ENTRIES FOUND:

free·hold

noun \ˈfrē-ˌhōld\

Definition of FREEHOLD

1
:  a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held; also :  an estate held by such tenure — compare fee 1
2
British :  an estate held in fee simple
freehold adjective or adverb
free·hold·er \-ˌhōl-dər\ noun

First Known Use of FREEHOLD

15th century

freehold

noun    (Concise Encyclopedia)

In Anglo-American law, ownership of a substantial interest in real property (see real 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 also copyhold, fee, landlord and tenant.

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