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Hereditament (1)
HEREDITAMENT (1)

Definition: (law) Any property, especially real estate, which can be inherited.
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* All seven elements should be in.


1. Purposeful and necessary when it was built.

2. Specific and identifiable, wherever located.

3. Asset value will be measurable and assessable, however acquired.

4. Unencumbered, by debt or a bill, in any way.

5. Won't need an inheritor to spend money on, prior being inherited.

6. Ownership will be known; documents in order.

7. House won't be haunted, sure can be lived in.
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