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Freehold means to own a property, including the land it's built on, with no fixed time limit. Leasehold means to own a property for a fixed amount of time. Share of Freehold is most associated with the purchase of flats, where owners own the leasehold for their individual flat and hold a share of the freehold for ... May 6, 2020 ... Freehold land or property simply means the owner has full use and control. Also, the owner could own the land or property for an unlimited period of time. Any estate that is “free from hold” of any entity other than the owner is known as freehold property. As a result, the owner of such an estate has ... Nov 3, 2023 ... Homeowners living on freehold estates pay towards the management and maintenance of communal areas or services. Homeowners are required to pay a ... 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. Feb 28, 2023 ... Freehold property is the most common ownership type of property in New Zealand. In a nutshell it means you own the property and the land ... Apr 12, 2022 ... What does freehold mean? When you buy a freehold property, you own the building and the land it sits on for an unlimited amount of time. Freehold vs leasehold. If you own the freehold of your home, it means that you own the building and the land it sits on. If your property is leasehold ... own the property and the land it sits on · organise and pay for your own maintenance work · are responsible for insuring the building and contents · do not have to ...