freehold

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free|hold /fr'iːhoʊld/ (freeholds)
1 [N-VAR]
If you have the freehold of a building or piece of land, it is yours for life and there are no conditions regarding your ownership.
People owning leasehold homes will be given a new right to buy the freehold of their property.
2 [ADJ]
If a building or piece of land is freehold, you can own it for life.
The property register will also say whether the property is freehold or leasehold.

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