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What is a Freehold property?

Freehold property rights are one of the two most common ways that real estate ownership is determined in Canada. In English, Freehold Property means whoever owns the freehold title for a parcel is legally entitled to profit from it without their permission being required by someone else who is renting or leasing land from them.
Owners hold a fee simple interest in this type of property. A fee is an easement, so there can be no separate leaseholder for part of it before the entirety was severed and allocated to a single owner. The term ‘freehold’ also has other meaning related to inheritance law, but this post relates primarily with properties themselves. To purchase fee-simple property, 15% down payment should be enough.


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