What is the name given to a right or privilege that transfers with property ownership, like an easement?

What is the name given to a right or privilege that transfers with property ownership, like an easement?

• A. Hereditaments
• B. Appurtenance
• C. Bundle of Rights
• D. Personal Property

Answer: (B)

The term that refers to a right or privilege that transfers with property ownership, such as an easement, is known as an appurtenance. Appurtenances are rights that are associated with the ownership of the property and benefit the owner in some way. They are not merely attached to the property itself but are considered a part of it for the duration of the property's ownership. This means that when the property is sold or transferred, any appurtenances, including easements, are also transferred to the new owner. Understanding this concept is important in real estate because it highlights the idea that certain rights can continue to exist even as ownership of the property changes hands. This distinguishes appurtenances from personal property, which may not automatically accompany the property upon its sale.

The term that refers to a right or privilege that transfers with property ownership, such as an easement, is known as an appurtenance. Appurtenances are rights that are associated with the ownership of the property and benefit the owner in some way. They are not merely attached to the property itself but are considered a part of it for the duration of the property's ownership. This means that when the property is sold or transferred, any appurtenances, including easements, are also transferred to the new owner.

Understanding this concept is important in real estate because it highlights the idea that certain rights can continue to exist even as ownership of the property changes hands. This distinguishes appurtenances from personal property, which may not automatically accompany the property upon its sale.