What does freehold ownership mean?

Freehold mean ownership
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What does freehold ownership mean?

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In freehold ownership, the owner has the complete ownership of the land or a building and he can do whatever he wishes to do with that property.  Whereas leasehold takes time (years) to provide you the complete ownership of a home or land.

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The owner of a freehold title of real estate enjoys the most superior form of private ownership. A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (“in perpetuity”) or until he transfers the title to a new owner, and his heirs are entitled to inherit his title upon his death. Nevertheless, a freeholder does not have total freedom to do what he wishes on his land.