Freeholder

A freeholder is the person, company or entity that owns the freehold of a property.

If you own your home outright then you are technically know as a 'freeholder'.

Leasehold

A more common use of the term freeholder is in conjunction with leasehold properties.

With leasehold, the leaseholder (tenant) owns the lease and right to live in and use the property. The freeholder owns the land on which the property is built.

When the lease expires the property will then return to the ownership of the freeholder.

In the context of leasehold, a freeholder is also commonly referred to as a 'Landlord'.

See also: share of freehold

Gaynor Haliday, Legal researcher

Author:
Gaynor Haliday, Legal researcher