freehold
B1CEFR level
40/100Rarity: uncommon
TechnicalRegister
Law noun
Outright, permanent ownership of land or property.
They bought the freehold rather than a lease.
Business noun
Absolute ownership of land and any buildings on it for an indefinite period.
Investors preferred the freehold because it carried no ground rent or diminishing term.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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