freehold
noun
free·hold ˈfrē-ˌhōld 
1
: a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held
also : an estate held by such tenure compare fee sense 1
2
British : an estate held in fee simple
freehold adjective or adverb
freeholder
ˈfrē-ˌhōl-dər
noun 
Example Sentences
Recent Examples on the Web Some 65% of Whitbread’s estate is freehold, and international buyers might be attracted by the prospect of using the dirt-cheap pound to grab themselves some British property assets. 
Washington Post, 22 Aug. 2019 But sale-and-leaseback deals (when companies sell off freehold sites and rent them back) are risky. Washington Post, 22 Aug. 2019
Washington Post, 22 Aug. 2019 But sale-and-leaseback deals (when companies sell off freehold sites and rent them back) are risky. Washington Post, 22 Aug. 2019 Word History
First Known Use
15th century, in the meaning defined at sense 1
Legal Definition
freehold
noun
free·hold ˈfrē-ˌhōld
: a tenure of real property the duration of which cannot be determined and by which an estate in fee simple or fee tail or for life is held
also : an estate held by such tenure compare leasehold
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