IPA: /ˈfriːhoʊld/
KK: /ˈfriːhoʊld/
A type of ownership of land or property that lasts for an indefinite period, often for the owner's lifetime or longer.
He inherited the freehold of the family estate after his father passed away.
Freehold → It is formed from "free" (from Old English "freo", meaning not in bondage or liberated) and "hold" (from Old English "holdan", meaning to keep or possess). The term "freehold" refers to a type of property ownership that is not subject to any lease or rent, indicating full ownership and freedom from obligations to a landlord.
Think of being 'liberated' ('free') and 'keeping' ('hold') something — that's why freehold means owning property outright without any restrictions.