freehold
nounUK /ˈfriːhəʊld/
US /ˈfriːhoʊld/
A freehold is when you own a house and the land it sits on forever.
They bought the freehold of their house so they would own the land too.
SYNONYMS
OTHER MEANINGS
2. The legal right to own land or property permanently.
The freehold gives the owner full control of the property.
3. An old word for a piece of land owned outright.
The old farm was a freehold passed down through generations.
4. In law, a type of permanent estate in land.
The lawyer explained that a freehold lasts indefinitely.