A possessory interest in real property of
uncertain (and often unlimited) duration; an
ownership estate in real property; either a fee
simple or a life estate. Holder of freehold estate
has title. Compare: Leasehold Estate.

Merriam-Webster Online Dictionary
freehold (noun)
a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held , also an estate held by such tenure - compare fee 1
British an estate held in fee simple
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