Freehold interest (also known as a fee simple) is the strongest form of home ownership in Canada. The owner of a freehold interest in real estate has full use and control of the land and the buildings on it, subject to any rights of the Crown, local land-use bylaws and any other restrictions in place at the time of purchase. Freehold Strata ownership is also very common and is subject to any strata restrictions applicable at the subject address/complex. In freehold ownership there is no limit of time to hold the property like in case of leasehold ownership. A freehold property lies with the title holder unless he/she transfers it out of his or her name, or dies.