Saturday, February 28, 2009

Freehold (English law)

In English law a freehold (also called frank-tenement and franktenement) refers to the ownership of real property, being the land and all immovable structures attached to such land. This is opposed to a leasehold in which the property reverts back to the owner of the land after the lease period has expired.[1] Immovable property includes land and all that naturally goes with it, such as buildings, trees, or underground resources, but not such things as vehicles or livestock (which are movable).


For an estate to be a freehold it must possess two qualities: Immobility (property must be land or some interest issuing out of or annexed to land); and ownership of it must be of an indeterminate duration. If the time of ownership can be fixed and determined, then it cannot be a freehold.[2]


[3]



[edit] Additional explanations


A substantial freehold means a "large" holding. In medieval times, this came to mean a holding worth at least 40s Scots.



[edit] See also




[edit] Sources and References




  1. ^ Chris Roberts, Heavy Words Lightly Thrown: The Reason Behind Rhyme, Thorndike Press,2006 (ISBN 0-7862-8517-6)

  2. ^ http://dictionary.lawyers-and-laws.com/f/freehold

  3. ^ Shumaker, Walter A.; George Foster Longsdorf (1922). The Cyclopedic Law Dictionary (Second Edition by James C. Cahill ed.). Chicago: Callaghan and Company. 










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