Outright ownership of the property and the land on which it stands Further advance - An additional loan by the lender to the borrower usually secured by an existing mortgage deed
an absolute right to land is known as a freehold interest in the land - that is to say no one has a better right to the land in question It is often known as a right in fee simple
Refers to the ownership status of a parcel of land Freehold land is privately owned by an individual or company (not owned by the Crown)
The ownership of a tract of land on which the building(s) are located The oldest and most common typed of ownership of real estate
If a building or piece of land is freehold, you can own it for life. The property register will also say whether the property is freehold or leasehold. when you completely own a building or piece of land for an unlimited time leasehold. In Anglo-American law, ownership of a substantial interest in real property (see real and personal property) held for an indefinite period. The term originally designated the owner of an estate held in free tenure, who possessed, under the Magna Carta, the rights of a free man. Today a freehold is distinguished from a leasehold, a contract to hold real property for a specified period. See also copyhold, fee, landlord and tenant
An estate in real property which continues for an indefinite period of time Freehold estates may be inheritable or non-inheritable Inheritable estates include the fee simple absolute, the qualified fee, and the fee tail Noninheritable estates include various life estates which are created by acts of parties, such as an ordinary life estate, or by operation of law, such as dower and curtesy