Title English:
freehold ownership
Definition English:
Freehold property can be defined as any estate which is "free from hold" of any entity besides the owner. Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations. Sale of a freehold property does not require consent from the state and hence requires less paperwork, thus, making it more expensive than leasehold property.
Title Arabic:
ملكية عقارية مطلقة المدة
Domain:
Economic Development
Subject:
Local Development
InformationType:
Term
SourceSymbol:
Language staff
Link: