Definition of Freehold estate:
Exclusive right to enjoy the possession and use of a parcel of land or other asset for an indefinite period. In contrast, a leasehold estate is for a fixed, definite period. See also fee simple absolute in possession.
How to use Freehold estate in a sentence?
- We had a freehold estate and I wanted to take full advantage of it, because it would not last that long.
- Early settlers in the west were granted a freehold estate to properties occupied by them for a requisite period of time.
- My farm is located on 2500 acres of a freehold estate in central California, where I grow grapes and strawberries.
Meaning of Freehold estate & Freehold estate Definition