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English definition of “freehold”

freehold

noun [C]     /ˈfriː.həʊld/ US  /-hoʊld/
the legal right to own and use a building or piece of land for an unlimited time: Who owns the freehold of/on the property? → Compare leaseholdMortgages and real estateRenting, hiring and hire purchase in general Renting property freehold     adjective Are those flats freehold or leasehold?Renting propertyMortgages and real estateRenting, hiring and hire purchase in general Mortgages and real estateRenting, hiring and hire purchase in general Renting property
(Definition of freehold noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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