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.
