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 ?
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.
The MP claimed that residents of Harrow View West were told by the developer, Persimmon Homes, that the entire site would be sold leasehold to retain the aesthetics of the development, but many homes were subsequently sold on a freehold basis.
Two years later, on March 31, 1996, they sold a further 2,500 freeholds to Fairhold (Huddersfield) Ltd.
"Throughout 2011, finance for freehold acquisitions will remain tight, but switched-on cash rich individuals, companies and landlords have been taking advantage of freehold prices which are probably as low as they are going to get, while occupiers looking for leasehold premises have agreed very tenant friendly lease terms with rent free periods at the outset of their lease.
especially where the trust and the leaseholders are both willing and agree to progress either lease extensions or the purchase of the house freeholds." A Charity Commission spokeswoman said: "As our letters to Ms Onwurah state, the charity must seek professional advice if they are not suitably experienced in this particular issue, and it would seem that they have sought and followed such advice.
As the leases expire, ownership of the homes passes to whoever owns the freehold.
It is thought at least a dozen other properties in the village have same problem, as their freeholds are listed as belonging to William Leech (Investments), while the company says that it knows nothing about them.
HBG Properties sold the freeholds in units 2 and 6 at the 152,000 sq ft industrial and distribution scheme to investment fund Threadneedle.
'Our record deal value shows that freeholds continue to be most sought after by industrial and distribution occupiers, with the leasehold market struggling,' said Mr Matthews.
First the combination of the buoyant residential housing market and second the lack of quality freeholds available to the private buyer.
This is largely due to the combination of the buoyant residential housing market and the lack of quality freeholds available to the private buyer.