A freehold is a type of property ownership where the owner has full rights to the land and any buildings on it. This means the owner can use, sell, or lease the property without any time limit. Freehold ownership is often considered the most complete form of property ownership. In contrast to other ownership types, such as leasehold, where the ownership is temporary and subject to a lease agreement, freehold provides long-term security. Freehold properties can be residential, commercial, or agricultural, and they are typically more valuable due to the permanence of ownership.