Freehold (law) in the context of "Fee simple"

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⭐ Core Definition: Freehold (law)

A freehold, in common law jurisdictions or Commonwealth countries such as England and Wales, Australia, Canada, Ireland, India and the United States, is the common mode of ownership of real property, or land, and all immovable structures attached to such land.

It is in contrast to a leasehold, in which the property reverts to the owner of the land after the lease period expires or otherwise lawfully terminates. 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 forever ("of an indeterminate duration"). If the time of ownership can be fixed and determined, it cannot be a freehold. It is "An estate in land held in fee simple, fee tail or for term of life."

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Freehold (law) in the context of Russell Square

Russell Square is a large garden square in Bloomsbury, in the London Borough of Camden, built predominantly by the firm of James Burton. It is near the University of London's main buildings and the British Museum. Almost exactly square, to the north is Woburn Place and to the south-east is Southampton Row. Russell Square tube station sits to the north-east.

It is named after the surname of the Earls and Dukes of Bedford; the freehold remains with the latter's conservation trusts who have agreed public access and management by Camden Council. The gardens are in the mainstream, initial category (of Grade II listing) on the Register of Historic Parks and Gardens.

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Freehold (law) in the context of Vincent Square

Vincent Square is a grass-covered square in Westminster, London, England. It is London's largest privately owned square, covering 13 acres, lined with mature trees including London Planes. In among a network of backstreets, it chiefly provides playing fields for Westminster School, who own it absolutely; otherwise, it functions as a green lung and a view for the homes, hotel and other organisations adjoining. Nine of its adjoining buildings have been given strict statutory architectural recognition and protection. The Liberal Democrat Headquarters, housing one of Parliament's three largest political parties, was based at 1 Vincent Square, until September 2025.

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Freehold (law) in the context of Belgravia

Belgravia (/bɛlˈɡrviə/) is a district in Central London, covering parts of the areas of the City of Westminster and the Royal Borough of Kensington and Chelsea.

Belgravia was known as the 'Five Fields' during the Tudor Period, and became a dangerous place due to highwaymen and robberies. It was developed in the early 19th century by Richard Grosvenor, 2nd Marquess of Westminster under the direction of Thomas Cubitt, focusing on numerous grand terraces centred on Belgrave Square and Eaton Square. Much of Belgravia, known as the Grosvenor Estate, is still owned by a family property company, the Duke of Westminster's Grosvenor Group, although owing to the Leasehold Reform Act 1967, the estate has been forced to sell many freeholds to its former tenants.

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Freehold (law) in the context of Leasehold estate

A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after that held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) periodically such as weekly or monthly.

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Freehold (law) in the context of Land Question (Prince Edward Island)

The Land Question was a major issue in the history of Prince Edward Island, now part of Canada. It was about who should own the land on the island. The land was divided into lots by the British government in 1767 and given to private landowners called proprietors. These proprietors wanted to rent the land to settlers, known as tenants, but the tenants wanted to own the land themselves through freehold ownership.

The plan worked poorly. There were not enough tenants, so the proprietors did not make much money from rent. Because of this, many of them could not pay the government their required land tax, called a quitrent. In 1781, the island's government tried to take back the land from proprietors who were not paying, but the Colonial Office in Britain stepped in and stopped it in 1783. The governor who led this plan, Walter Patterson, was removed from office in 1786.

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Freehold (law) in the context of Commonhold

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. It has features similar to the strata title system in Australia, and condominium systems in the United States. Following a consultation by the Law Commission, it was introduced by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and was the first new type of legal estate to be introduced in English law since 1925.

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Freehold (law) in the context of Hugh Town

Hugh Town (Cornish: Treworenys or Tre Huw) is the largest settlement on the Isles of Scilly and its administrative centre. The town is situated on the island of St Mary's, the largest and most populous island in the archipelago, and is located on a narrow isthmus which joins the peninsula known as the Garrison (historically the Hugh) with the rest of the island.

The population recorded by the 2011 census was 1,097 (up from 1,068 in 2001). Unlike the rest of the Isles of Scilly, the freehold title to land in the town is not held by the Duchy of Cornwall — in 1949 it was sold to the inhabitants. The harbour, however, continues to be owned and run by the Duchy.

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