freehold


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.
Related to freehold: freehold property

Freehold,

borough (1990 pop. 10,742), seat of Monmouth co., E central N.J.; settled c.1650, called Monmouth Courthouse (1715–1801), inc. as a town 1869, as a borough 1919. A former farm-trade and factory center, the borough is now a commercial hub for fast-growing surrounding Freehold Township and neighboring suburbs. St. Peter's Episcopal Church dates from c.1683. The Revolutionary War battle of Monmouth (see Monmouth, battle ofMonmouth, battle of,
in the American Revolution, fought June 28, 1778, near the village of Monmouth Courthouse (now Freehold, N.J.). Gen. George Washington chose this location to attack the British troops, who were retreating from Philadelphia to New York City. Gen.
..... Click the link for more information.
) took place nearby in 1778.

freehold:

see tenuretenure,
in law, manner in which property in land is held. The nature of tenure has long been of great importance, both in law and in the broader economic and political context.
..... Click the link for more information.
.

Freehold

 

a term for various forms of feudal landholding in medieval England. The concept of freehold in English common law included the holdings possessed by knights on condition of military service, the rented lands held by peasants and urban dwellers, and the holdings of the church. In a narrower sense, a freehold was a free holding within a manor; it was juridically contrasted to the holding of a villein and, from the 15th century, to the copyhold.

The peasant freeholder characteristically enjoyed personal freedom and the right of defense in the royal courts. He paid a relatively low fixed rent and had the right to dispose freely of his holding through devisal, partition, or alienation. By the late 12th century, these conditions had enabled the most prosperous peasant freeholders to attain a status close to that of petty feudal landowners. At the same time, the process of class differentiation among the peasantry entailed the impoverishment of most small peasant freeholders, whose status was reduced to that of villeins, later known as copyholders. The freehold was the form of landholding that provided the most favorable conditions for the transformation of land into bourgeois property.

freehold

1. A form of tenure of property held in fee simple, fee tail, or for life.
2. Property so held.

freehold

Property law
a. tenure by which land is held in fee simple, fee tail, or for life
b. an estate held by such tenure
References in periodicals archive ?
The Law also extends the right for public joint stock companies to own a freehold interest in land and property anywhere in the Emirate of Abu Dhabi, provided that at least 51 percent of such companies is owned by UAE nationals ('Qualifying PJSC').
The letter, written by Martin Smith, managing director of Persimmon's East Wales division, added: "As a gesture of goodwill, we have decided to provide all leasehold owners at our St Edeyrns Village with their freehold title, without any cost."
"Freehold title is now available for apartments, villas and land to develop your own home in these areas," says Covill.
He said: "I have not slept since I received the letter from Landmark telling me they owned the freehold. I had to find a specialist conveyancing solicitor to represent me on this matter.
"I have been told that even when you buy the freehold there can be hidden covenants and other things that ordinary solicitors won't spot.
We shall continue to pay land rates for leasehold in town but we will not pay rates for freehold land,' he said.
Rupert Young, development director at Nurton, added: "The Cornerblock freehold has been a good performer for us without having to outlay significant capital too early.
Real estate investment company Aprirose has acquired the freehold of Cornerblock, in Cornwall Street, for [pounds sterling]5.58 million.
Ahmad Faizal was asked if this was a prelude to Pakatan Harapan backtracking on its manifesto to give out freehold titles.
They would then be eligible to buy the freehold outright, at a further cost.
The long-running dispute concerns Newcastle homes, many in the St Thomas' area, where the freehold is owned by the Mary Magdalene and Holy Jesus Trust.