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Commercial Property Services

Freehold

This is the term used as shorthand for the tenure of an estate in land which exists in "fee simple absolute in possession" and identifies the ultimate owner of a property.

 
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Such ownership usually includes not only the surface land or building, but also the sub surface of a property and all the air space above.

As part of the aim of simplifying the conveyancing process, the Law of Property Act 1925 set out two estates or interests in land, namely the "fee simple absolute in possession" or 'freehold' and the "term of years certain" or 'leasehold'.


- Christo & Co -
Commercial and Residential property specialists, estate agents, valuers and surveyors
in Kentish Town, Camden Town and throughout North & North West London

66-70 Parkway, London, NW1 7AH - Tel: 020 7482 1203 - Fax: 020 7482 4441
- Web: www.Christo.co.uk