When is Freehold used?

Owning both the home and the land it sits on outright. Avoiding the shared ownership and fees of a condo.

Can you give examples of Freehold?

A buyer chooses a freehold home to control the land and avoid condo fees. A freehold owner renovates without needing a condo board's approval.

Real Estate Term

Freehold

A form of property ownership where you own both the building and the land it sits on.

What is Freehold?

Freehold ownership means you own both the building and the land it sits on outright, with no fixed end date and no shared ownership of common areas. It gives you the most control — you can typically renovate, rebuild, or use the land within local rules without a condo board's approval. Freehold homes avoid condo fees but make the owner fully responsible for all maintenance and property costs.