Explore commonly used personal finance terms.
Appurtenance refers to a right, privilege, or improvement that comes with owning a property and is passed to new owners when the property is sold. Examples include rights of way, easements, or access to shared facilities. Appurtenances add value to the property by providing additional benefits beyond the physical structure. In real estate, appurtenances are important considerations for buyers, as they may impact the utility and desirability of the property, offering additional rights that enhance ownership value.
