Not exactly corect- but freehold is as much ownership as you can get.
Originally Posted by tenant29
If freeholder [or even leaseholder] dies with no-one to inherit (either by Will or on intestacy), or if Co. is dissolved, assets pass to Crown. This is ultimate owner under UK law.
But, yes- freehold is better than leasehold (except re ownership of single flat/maisonette- should preferrably be leasehold in P's hands).
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