Definition of freehold

Sep 20, 2024 ... What does freehold mean? If you buy a property freehold, it means you completely own the property and the land it sits on, although your ... Freehold property refers to real estate ownership in which the buyer has complete ownership rights over the land and any buildings on it indefinitely. This type ... Flying freehold refers to an instance when a freehold property is built over land which does not form part of the property, one of which overhangs or projects ... Dec 17, 2016 ... In the strictest sense of the words, Freehold and leasehold mean what you think they do. Freehold is that you own it outright and leasehold ... May 28, 2024 ... A share of freehold arises when multiple leaseholders collectively acquire the freehold of the building. Dec 15, 2017 ... There are two different ways in which a share of freehold agreement can be created; in the first, up to four owners can share the freehold of a ... May 19, 2024 ... With a flying freehold, the property is freehold, meaning the home is owned by the property owner. This contrasts sharply with a leasehold ... Dec 2, 2021 ... Freehold ownership means that a person owns a property outright for an unlimited period. In England and Wales, most houses will be freehold. If you buy a freehold property you will own the building as well as the ground it stands on. This benefits the buyer because it means there is no need to ... A share of freehold means you own the leasehold for your flat while also jointly owning the freehold for the building with other flat owners.