What is an appurtenance in real estate?

An appurtenance in real estate refers to a right, privilege, or improvement that is associated with a piece of land and is typically transferred with that land when it is sold. This concept emphasizes that certain rights or features enhance the value or use of the property. For example, an appurtenance may include easements, water rights, or even physical structures like a shed or a garage that are owned along with the property.

Understanding this term is essential for real estate transactions, as it highlights how specific rights are tied to the property itself and remain intact when the property changes hands. Appurtenances can significantly impact the value and desirability of a property, making it crucial for buyers, sellers, and agents to recognize these components during transactions.

In contrast, the other options involve distinct concepts unrelated to the definition of appurtenances. While a type of mortgage pertains to the financing of real estate, tax benefits relate to financial advantages afforded to property owners, and designations for historical properties refer to classifications regarding preservation and recognition. None of these address the core meaning of appurtenances as rights or enhancements that travel with the land.