Freehold land is land over which the Crown has granted an interest. The owner of freehold land has indefinite and exclusive rights to the land. The owner can sell, lease or rent the land to another person under their own conditions. Unlike leasehold, freehold land is no longer called Crown land after the interest has been granted. When the Crown grants the freehold interest, however, it retains the right to compulsorily buy back the land.