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 wish. Freeholders typically hold the title to the land, which can include residential or commercial properties. In contrast to a freeholder, a leaseholder only has the right to use the property for a specified period, usually through a lease agreement. The freeholder retains ownership of the land, while the leaseholder pays rent and may have restrictions on modifications to the property.