Basically, without knowing any context,
the above phrase "muryou no tochi" is a literal translation, e.g, "muryuo" means
"free, without cost", "tochi" means "land" in the sense of "real estate", and "no" is simply a require connective word; but, another interpretation is possible, in a political context, e.g., "America is a free country" (or, "a country of freedom"), in which case the translation would be "jiyuu (freedom), no (connective) kuni (country)". Hope this is helpful. haslov

'aki chi' is a land which is not used currently. However, an owner who wants to rent or sell the land posseses it.