A freeholder is a person or entity that owns land and any buildings on it outright, without any time limit. This ownership gives them full rights to use, sell, or lease the property as they see fit. Freeholders typically hold the title to the land, which can include residential, commercial, or agricultural properties. In contrast to a freeholder, a leaseholder only has the right to use the property for a specified period, as outlined in a lease agreement. Freeholders often have responsibilities for maintaining the property and may be involved in local governance, especially in matters related to land use and development.