Understanding freehold property rights What is the legal definition of freehold?

A freehold is an estate in land that is not limited in time. It may be brought to an end only by escheat. 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 ... It is linked to properties that include elements of both leasehold and freehold tenures. Understanding what share of freehold means is crucial for making ... Freehold is where you own the property and the land it sits on. ... The fact that two of the flats are leased does not mean that Fred stops owning the freehold. Mar 21, 2025 ... This means that once you acquire a freehold property, it remains under your name or that of your designated heirs perpetually, unless you decide ... Jul 31, 2023 ... It means you would own the flat under the usual leasehold agreement, but that you'd also own a percentage of the freehold of the whole building. 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 ... If you own the freehold interest in land or property then for most intents and purposes, you are the 'owner' of the property and everything above and below it. 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 ... When an equal number of leaseholders own a share of the freehold (such as in a converted property with three flats, each occupied by an owner), a lack of formal ...