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A rendering of the layout of a proposed 400-unit apartment building in Freehold by Meridia Capodagli Property on Tuesday, Aug. 6, 2024, on display at The American Hotel in Freehold, New Jersey.
A freehold, in common law jurisdictions or Commonwealth countries such as England and Wales, Australia, [1] Canada, Ireland, India and the United States, is the common mode of ownership of real property, or land, [a] and all immovable structures attached to such land.
A basement apartment is an apartment located below street level, underneath another structure—usually an apartment building, but possibly a house or a business. Cities in North America are beginning to recognize these units as a vital source of housing in urban areas and legally define them as an accessory dwelling unit or "ADU".
Freehold Township is a township in western Monmouth County, in the U.S. state of New Jersey.Crisscrossed by several major highways, the township is a commercial hub for Central New Jersey (home to the Freehold Raceway and Freehold Raceway Mall) and is a suburban bedroom community of New York City, located within the Raritan Valley region of the much larger New York metropolitan area.
This is an interim tenure; freehold title is not issued until all purchase costs have been paid. All land in the Australian Capital Territory (ACT) is leasehold, issued with 99-year leases . The rent on the leases was abolished by the Gorton government in 1970, with the leasehold system now "almost identical in operation" to the freehold tenure ...
In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2] In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location. [3] [4]
Flying freehold is an English legal term to describe a freehold which overhangs or underlies another freehold. Common cases include a room situated above a shared passageway in a semi-detached house, or a balcony which extends over a neighbouring property.
West Freehold is an unincorporated community and census-designated place (CDP) within Freehold Township, in Monmouth County, New Jersey, United States. [ 8 ] [ 9 ] [ 10 ] As of the 2020 census , the CDP's population was 13,596. [ 3 ]