freehold

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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.
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) 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.
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.

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 ?
While it is possible to negotiate the terms of the lease extension with the freeholder on an informal basis, without going through the statutory procedures stipulated by the 1993 Act, if the freeholder is not co-operative or you cannot agree terms, the 1993 Act contains a timetable that the freeholder will have to comply with.
All new freeholders are expected to make themselves available for an initiation ceremony known as "dunting", which is carried out on the Wednesday nearest to May 28 and involves the newcomer being picked up by their feet and shoulders and placed three times on the official dunting stone on the eighth fairway of the golf course.
Every year on the Wednesday nearest to May 28, the freeholders take part in the "beating of the bounds" tradition, which started in 1235 and marks the boundaries of their landholding.
Housing Minister Kit Malthouse has promised the Government is planning to legislate in order to protect freeholders.
Such agreements, he claims, are made so that predatory freeholders can extract as much money as possible.
In this instance leaseholders should immediately seek professional advice prior to telling their freeholder they are looking to sell as they may increase the premium they require.
"We believe the rodent issue to be a block-wide problem and have been constantly chasing the freeholders of the building since it was reported to us to get this issue resolved as quickly as possible for all involved."
So in addition to paying for the leasehold property, the home buyer also has to give an annual ground rent to the freeholder.
Leasehold starts out a little cheaper but unlike freeholders who own the land on which their home is built, leaseholders have to pay annual "ground rent" to the freeholder.
In a letter to Freeholder Director Lillian Burry, Republican state Sen.