An item is considered to be a right, privilege, or improvement that belongs to and passes with the transfer of property ownership, but is not necessarily a physical part of the property. Common examples include rights-of-way, easements, fixtures, and water rights. A fixture, once personal property, becomes part of the real estate through attachment. Understanding which items are considered part of the real property is crucial during transactions.
Including such rights, privileges, or improvements in the property transfer can significantly enhance the value and usability of the land. Historically, disputes over these items have led to legal challenges, highlighting the need for clear documentation in property deeds and sales agreements. Properly defining these attached or associated benefits ensures a smooth transaction and protects the interests of both the buyer and seller.
