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What does Passive Freehold mean?

Updated: 12/14/2022
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Floralheaven

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15y ago

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==One Answer== "Freehold" is the term used for the private ownership of land in Australia. Most land in Australia is owned by the government with only about 15% being privately owned. The remaining small portion is aboriginal land, approximately 13%. The government owned land is occupied by people or corporations that hold leasehold interests on huge tracts that may include thousands or millions of acres. "Passive freehold" would describe an arrangement such as the purchase in fee of a privately owned commercial property (such as a hotel) that is already built, already in an active, ongoing business and under management that will remain in place after your purchase of the property. You would be the owner but would not take any active role in the day to day management of the property or activities of the business. You would take on a passive role as the owner of the property, i.e., passive freehold.

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Does freehold mean the the whole property is for sale?

Yes you can purchase a property either Leasehold or Freehold. Leasehold you only own the right to use the property, such as a house rental and pay the landlord a rental. Freehold purchases mean that you entirely own the property and land.


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It generally refers to the sale of a business and freehold property. For example a going concern generally means the goodwill of an operating business and the freehold refers to the tenure of the property. so in this case it means for example £500,000 for the freehold of the property and inclusive of the value of the goodwill, therefore £500k buys you the business and the property.


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When was Farnham's Freehold written?

Farnham's Freehold was published in 1964.


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Freehold Borough High School in Freehold, New Jersey.


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