Which of the following does 'freehold' property signify in terms of ownership rights?

'Freehold' property signifies full rights to use and develop the property, allowing the owner complete control over their asset. This type of ownership means that the individual has the ability to occupy, modify, and transfer the property without restrictions that are commonly associated with leasehold ownership.

Unlike limited rights tied to a specified duration, as seen in certain leaseholds, freehold ownership is perpetual, granting the owner rights indefinitely. Moreover, freehold property is not subject to governmental lease agreements or conditional usage restrictions, making it a highly desirable form of property ownership in real estate. This autonomy ensures that the property owner can make decisions regarding development and usage freely, aligning with the benefits associated with freehold ownership.

Thus, the defining characteristic of freehold property is the comprehensive ownership rights that empower the property owner in full capacity.