What is Freehold?

Full Definition

Freehold means you own the property and the land it sits on, in perpetuity. Most UK houses are freehold; most flats are leasehold (you can't freehold a flat unless the building is your only one). No ground rent, no service charges paid to anyone else (though you still maintain the property). «Share of freehold» applies when leaseholders of a block jointly own the freehold via a management company — combines flat ownership with freehold control. Selling a freehold property is simpler than leasehold. Scotland uses different system («heritable» property is the equivalent).

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