freehold

freehold
/free"hohld'/, Law.
1. an estate in land, inherited or held for life.
n.
2. a form of tenure by which an estate is held in fee simple, fee tail, or for life.
adj.
3. pertaining to, of the nature of, or held by freehold.
[1375-1425; late ME frehold (see FREE, HOLD1); trans. of AF franc tenement (see FRANK1, TENEMENT)]

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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.

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law
      in English law, ownership of a substantial interest in land held for an indefinite period of time. The term originally designated the owner of an estate held in free tenure, who possessed, under Magna Carta, the rights of a free man. A freehold estate was distinguished from nonfreehold estates such as copyhold, tenancy at will, and tenancy for a fixed period, the customary landlord–tenant relationship. Knight service and frankalmoign, which required military and ceremonial services respectively, and free socage, which involved certain services of husbandry or manual labour, were types of free tenure. See also copyhold; socage.

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Universalium. 2010.

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