Freehold estate,

Definition of Freehold estate:

1. Exclusive right to enjoy the possession and use of a parcel of land or other asset for an indefinite period. In contrast, a leasehold estate is for a fixed, definite period. See also fee simple absolute in possession.

How to use Freehold estate in a sentence?

1. We had a freehold estate and I wanted to take full advantage of it, because it would not last that long.
2. Early settlers in the west were granted a freehold estate to properties occupied by them for a requisite period of time.
3. My farm is located on 2500 acres of a freehold estate in central California, where I grow grapes and strawberries.