Ibiza Property For Sale Holiday
Villas Or Apartments
LiveIbiza Commercial Property Services
Freehold
This is the term used as shorthand
for the tenure of an estate in land which exists in
"fee simple absolute in possession" and identifies
the ultimate owner of a property.
Such ownership usually includes not
only the surface land or building, but also the sub
surface of a property and all the air space above.
As part of the aim of simplifying
the conveyancing process, the Law of Property Act set
out two estates or interests in land, namely the "fee
simple absolute in possession" or 'freehold' and
the "term of years certain" or 'leasehold'.
