Freehold is a form of land ownership in which an individual holds complete ownership and control over a piece of land.
This means that the person owns the land indefinitely and can use it as they wish, without any time restrictions or limitations from anyone else.
They also have the right to sell, lease, or transfer the land to someone else. In simpler terms, imagine you have a piece of land that you own completely.
You can do whatever you want with it - build a house, start a farm, or even leave it as a vacant lot. You have the authority to make decisions and use the land for your own benefit.
This is different from other forms of land ownership, such as tenancy, leasehold, or commonhold.
In those cases, there are certain restrictions or limitations on the ownership and control of the land, either due to agreements with others or legal frameworks.
But with freehold, you have full autonomy and authority over your land.