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A freehold, in common law jurisdictions or Commonwealth nations such as England and Wales, Australia, [1] Canada, Ireland, India and twenty states in the United States, is the common mode of ownership of real property, or land, [a] and all immovable structures attached to such land.
Freehold (law), the tenure of property in fee simple; Customary freehold, a form of feudal tenure of land in England; Parson's freehold, where a Church of England rector or vicar of holds title to benefice property
The right to ownership of the property after the death of the life estate owner is called the remainder estate. In England and Wales fee simple is the only freehold estate that remains; a life estate can only be created in equity and is not a right in property.
These concerns mean that mortgage lenders and other finance providers usually want more detail on the property before approving mortgages etc. The approach by lenders varies greatly. Some lenders are wary of flying freeholds while others appreciate that this is a common occurrence (particularly in older terrace properties) and act accordingly.
Copyhold was a form of customary land ownership common from the Late Middle Ages into modern times in England.The name for this type of land tenure is derived from the act of giving a copy of the relevant title deed that is recorded in the manorial court roll to the tenant, rather than the actual land deed itself.
An estate in land is, in the law of England and Wales, an interest in real property that is or may become possessory. [1] [2] It is a type of personal property and encompasses land ownership, rental and other arrangements that give people the right to use land.
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Commonhold is a system of property ownership in England and Wales.It involves the indefinite freehold tenure of part of a multi-occupancy building (typically a flat) with shared ownership of and responsibility for common areas and services.