freeholdfree·hold /ˈfriːhəʊld-hoʊld/ noun [countableC, uncountableU] PROPERTYLAWcomplete ownership of a building or land for an unlimited timeResidential 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.