Appurtenant

Business / Real Estate / Appurtenant: Belonging to, adjunctive, appended or annexed to. For example, the garage is appurtenant to the house, and the common interest in the common elements of a condominium is appurtenant to each apartment. Appurtenant items run with the land when the property is transferred.

Appurtenant Easement

Business / Real Estate / Appurtenant Easement: An easement that is annexed to the ownership of one parcel and allows the owner the use of the neighbors land. MORE

Easement

Business / Agriculture / Easement: A landowner sells or surrenders the right to develop a portion of the property, usually in return for a payment or some other benefit. Some local and state governments, and land trusts, have programs MORE

Run With The Land

Business / Real Estate / Run With The Land: A phrase describing rights or covenants that bind or benefit successive owners of a property. An example is a restrictive building covenant in a recorded deed that would affect all future owners of th MORE

Dominant Tenement

Business / Real Estate / Dominant Tenement: The estate that is said to attach to and derive benefit from the servient estate in reference to an easement appurtenant. For example, an easement road passes over an owners land (the servient tenemen MORE

Party Wall Easement

Business / Real Estate / Party Wall Easement: A party wall can be an exterior wall on a building that straddles the boundary line between two lots, or it can be a commonly shared partition wall between two connected properties. Each lot owner own MORE

Condominium Ownership

Business / Real Estate / Condominium Ownership: An estate in real property consisting of an individual interest in an apartment or commercial unit and an undivided common interest in the common areas in the condo project such as the land, parking a MORE

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