FREEHOLD

Freehold

In certain jurisdictions, including the UK's England and Wales and Scotland, a freehold is the ownership of real property, being the land and all immovable structures attached to such land. This is opposed to a leasehold in which the property reverts to the owner of the land after the lease period has expired. Immovable property includes land and all that naturally goes with it, such as buildings, trees, or underground resources, but not such things as vehicles or livestock .

The above text is a snippet from Wikipedia: Freehold (law)
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freehold

Noun

  1. The tenure of property held in fee simple for life.


The above text is a snippet from Wiktionary: freehold
and as such is available under the Creative Commons Attribution/Share-Alike License.

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