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From Longman Dictionary of Contemporary English
Related topics: Building
freeholdfree‧hold /ˈfriːhəʊld $ -hoʊld/ noun [countable, uncountable] British English law  TBwhen you completely own a building or piece of land for an unlimited time opp leasehold They bought the freehold of their house.freehold adjective a freehold propertyfreehold adverb The property will be sold freehold.
Examples from the Corpus
freeholdUnder the first, a sale agreement, the Prudential agreed to acquire a freehold property.On 18 October 1989, the Prudential entered into two agreements with the developers of a freehold site.The deferral is indefinite if reinvestment is in non-depreciating assets such as freehold land and buildings.His settlement he regarded as his birthright or his freehold.He continued to serve the Corbetts, for example, as manorial steward, after he had inherited the Newton freehold.The 12 cousins then decided that Violet should have £5,000, the testator's chattels and the freehold of the bungalow.I am advised that we can purchase the freehold of this property for £40,000.Mr. Nathan retained the freehold of the remainder of No. 263-265.freehold propertyUnder the first, a sale agreement, the Prudential agreed to acquire a freehold property.Again, a Rule 72 Transfer is equally applicable as between a leasehold or freehold property.
From Longman Business Dictionaryfreeholdfree‧hold /ˈfriːhəʊld-hoʊld/ noun [countable, uncountable] PROPERTYLAWcomplete ownership of a building or land for an unlimited timeResidential 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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