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Glossary   >   F   >   "Freehold" Definition            Freehold If you buy a property which is freehold it means that both the land and the property is yours, unlike leasehold where the land would not belong to you. The permanent ownership of land or buildings which can be legally passed on to heirs and the most usual form of ownership for houses. Also known as property that is held in "fee simple". Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Freehold \ If you buy a property which is freehold it means that both the land and the property is yours, unlike leasehold where the land would not belong to you.

The permanent ownership of land or buildings which can be legally passed on to heirs and the most usual form of ownership for houses. Also known as property that is held in "fee simple".