
Freehold
Property Continuity
Freehold means you own the property forever, without ever having to renew ownership.
His family's home has been a freehold possession for generations.
No Ground Rent
With freehold, you don't pay ground rent, which is a fee leaseholders pay to the landowner.
Moving to a freehold meant they no longer paid monthly ground rent.
Full Control
Owning a freehold gives you complete control over the property and land, including making alterations.
They could renovate their freehold house without seeking permission.
Compare with
EstateLandOwnershipPossessionPropertyTenureTitle
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