Freehold
Freehold is a term used in the property industry. If you own the freehold on a property this means that you own the property and the land it is on outright. This being so, you are also able to pass over the freehold of a property to your heirs. Despite the rise of rented apartments and properties, and also of leasehold-owned property, freehold is the most common form of property ownership.
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