What are the rights that do not end when a new owner takes title to a property?

Prepare for the PSI Property Ownership Exam with flashcards and multiple choice questions. Each question comes with hints and explanations to optimize your study time. Get exam-ready today!

The correct answer pertains to appurtenances, which are rights or privileges that are associated with the ownership of a property and remain with it when the property is transferred to a new owner. These include rights such as easements, rights-of-way, and other benefits that are tied to the land itself, enhancing its utility or value. Appurtenances are considered an inherent part of the property and cannot be separated from it without affecting the overall ownership rights.

Fixtures, on the other hand, are items that were once personal property but have been attached to the real estate and are typically considered part of the property when sold. Leaseholds represent a tenant's interest in a property, which does not convey when ownership transfers. Trade fixtures are items installed by a tenant for business purposes and can be removed by the tenant before the property is surrendered, but they typically do not remain with the property in the same way that appurtenances do. Thus, appurtenances are fundamental rights that endure beyond the transaction of ownership itself, making them essential for the ongoing use and enjoyment of the property.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy