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A freehold building refers to a property that is owned outright by an individual or entity, granting them complete control over the building and the land it occupies. This type of ownership typically means there are no time limits on the duration of ownership, unlike leasehold properties, which have a fixed term. Freehold owners are responsible for all maintenance, taxes, and regulations pertaining to the property. This form of ownership is often seen as more desirable due to the permanence and autonomy it provides.
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