Freehold Borough is governed under the Borough form of New Jersey Municipal Government, consisting of a Mayor and six Council Members.

Freehold ownership gives you more than just a deed — learn what rights you actually hold, where those rights end, and how it differs from leasehold. A freehold estate is the most complete form of property ownership in American real estate.

The meaning of FREEHOLD is a tenure of real property by which an estate in fee simple or fee tail or an estate for life is held; also : an estate held by such tenure.

freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).

Freehold is a type of estate where the person has a right or owns title to real property for an unspecified amount of time.

freehold | Wex | US Law | LII / Legal Information Institute

Meaning of a freehold property is a property that is legally ‘free from hold’ of any entity other than the owner. The owner of such a freehold property has the right to use it for any purpose, in accordance with the regulations of where the freehold is located.

Freehold is an ownership of an estate in land rather than the land itself. This distinction dates back to the Middle Ages and makes a relatively little difference nowadays, so legal authorities often do not bother to distinguish between ownership of the land and ownership of an estate.