The land tenure system which involves the outright purchase of land is

The land tenure system which involves the outright purchase of land is called freehold. Freehold is a land ownership system in which an individual or organization has the full and permanent ownership of the land and any property built on it. In other words, when someone buys a property on a freehold basis, they own the land and the buildings on it outright and can use it for any legal purpose. The freehold land tenure system is most common in developed countries like the United States, Canada, and the United Kingdom. It is often seen as a preferred form of ownership as it gives the owner the most control over the land, and they have the freedom to use, sell, or lease the land as they wish. In summary, the freehold land tenure system allows an individual or organization to own land outright, giving them complete control over its use and development.