What is a freehold property?

@london_lueilwitz 

A freehold property is a type of property ownership where the owner has full and absolute ownership rights over the land and any buildings or structures on it. The owner holds the property indefinitely, with no time limit or expiration date on ownership. This is in contrast to leasehold ownership, where the owner holds the property for a specific period of time, typically in a lease agreement with a landlord. Freehold ownership allows the owner to use, sell, or mortgage the property as they wish, subject to any applicable laws or regulations.