Freehold means you can enjoy ownership forever .In comparison to leasehold which usually allows you 99, 60, 30 years or less after which the land owner (which could be the state govt or another enterprise) will take legal possession of it. Freehold is thus more preferable and fetches a higher price.
Any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety)
Freehold property means that the owner has complete and absolute ownership of the land, and all buildings that stand on the land.
The owner of the freehold property is therefore in a position to do what they wish to and with the property, in accordance with local planning regulations.
Freehold property is therefore generally more expensive than leasehold property.
Freehold property is property for which ownership rights of Land is given to the purchaser for a price and he is not required to pay annual Lease Charges. Freehold properties can be registered and transferred in part
When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property. Unlike in the case of leasehold property, no annual lease charges need to be paid and the freehold property can be registered and / or transferred in part
i want to know if i have a property which area is 1000sq.yard is freehold or leasehold. as i know i don't paid any lease charges to any govt. department and i am the single owner of this land and the part of land which i have is cut from the private land, i have paid house tax annualy than my land belongs to freehold or leasehold. please email me at email@example.com