freehold

 
Pronunciation: /ˈfriːhəʊld/
chiefly British

noun

[mass noun]
  • permanent and absolute tenure of land or property with freedom to dispose of it at will. Often contrasted with leasehold.
  • [count noun] a piece of land or property held by freehold: an opportunity to purchase the adjoining freehold

adjective

  • held by or having the status of freehold: freehold tenure

Derivatives

freeholder

noun