Freehold (also referred to in property law as fee simple) is the most complete and absolute form of land and property ownership available in New Zealand. When you own a freehold property, you own both the physical dwelling structure and the entire parcel of land it sits on indefinitely, without any ground rent obligations or lease expiration dates. This grants the owner maximum autonomy to modify, renovate, or rebuild the property, subject only to local council district plans, resource consents, and national building code regulations.
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