- freehold free‧hold [ˈfriːhəʊld ǁ -hoʊld] noun [countable, uncountable]
• Residential leaseholders living in blocks of flats have the right to acquire the freehold of their block at the market rate.
• He was forced to sell the freehold of his estate.
• The cost of freehold land is so high that only a wealthy man who farms intensively can hope to make a living on his own farm.
• The increase in fixed assets reflects two major freehold property purchases.
* * *Ⅰ.freehold UK US /ˈfriːhəʊld/ US /-hoʊld/ noun [C] mainly UK PROPERTY, LAW► the right to own a building or piece of land without time limit: freehold of/on sth »
Trustees accepted an offer of £30 million for the freehold of the business.buy/sell/own the freehold »
Instead of selling the freehold, the Commissioners are selling a 200-year lease.► (also mainly UK freehold estate) a building or piece of land that is owned by someone without time limit: »
Their stores do add a bit of solidity to their balance sheet as they are all freeholds.Ⅱ.freehold UK US /ˈfriːhəʊld/ US /-hoʊld/ adjective► freehold property is owned by someone without time limit: »
Almost all of its properties are freehold, giving the group a net asset value per share of about 345p.»
Financial and business terms. 2012.