Akademik

freehold

freehold free‧hold [ˈfriːhəʊld ǁ -hoʊld] noun [countable, uncountable]

PROPERTY LAW complete ownership of a building or land for an unlimited time:

• Residential leaseholders living in blocks of flats have the right to acquire the freehold of their block at the market rate.

• He was forced to sell the freehold of his estate.

• The cost of freehold land is so high that only a wealthy man who farms intensively can hope to make a living on his own farm.

• The increase in fixed assets reflects two major freehold property purchases.

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Ⅰ.

freehold UK US /ˈfriːhəʊld/ US /-hoʊld/ noun [C] mainly UK PROPERTY, LAW

► the right to own a building or piece of land without time limit: freehold of/on sth »Trustees accepted an offer of £30 million for the freehold of the business.
buy/sell/own the freehold »Instead of selling the freehold, the Commissioners are selling a 200-year lease.

► (also mainly UK freehold estate) a building or piece of land that is owned by someone without time limit: »Their stores do add a bit of solidity to their balance sheet as they are all freeholds.

→ Compare LEASEHOLD(Cf. ↑leasehold)

→ See also FEE SIMPLE(Cf. ↑fee simple), LIFE ESTATE(Cf. ↑life estate)

Ⅱ.

freehold UK US /ˈfriːhəʊld/ US /-hoʊld/ adjective

► freehold property is owned by someone without time limit: »Almost all of its properties are freehold, giving the group a net asset value per share of about 345p.
»freehold buildings/land/possession

Financial and business terms. 2012.