What term describes valuable items like parking spaces or water rights that convey with property?

The term that describes valuable items like parking spaces or water rights that convey with property is "appurtenances." Appurtenances refer to rights, privileges, and improvements that are associated with the ownership of a property and transfer with that property when it is sold or otherwise transferred. This can include elements that are not physically attached to the land, such as air rights or water rights, as well as physical elements like easements or rights to use common areas such as parking lots.

In real estate, understanding appurtenances is crucial because they can add significant value to the property and can affect the property's use and enjoyment by the owner. The concept ensures that the buyer receives not just the physical land and structure but also the associated benefits and rights that come with it.

The incorrect options, such as covenants, chattels, and emblements, refer to different legal or property concepts. Covenants are agreements or promises regarding how property can be used, while chattels are movable personal property. Emblements refer specifically to crops or agricultural products that a tenant has planted and can harvest even after a lease has ended. These terms do not encompass the idea of rights or items that permanently attach to the property in the same way app