Appurtenances
Appurtenances
In Commercial Properties
Checking appurtenances during an inspection is important because they are permanent additions or rights attached to a property, such as buildings, structures (like fences or sheds), easements, or rights to water or minerals, that transfer with the property ownership and significantly affect its value, legal rights, and use.
Legal Clarity and Ownership:
Appurtenances are legally considered part of the property and pass to the new owner when the property is sold. Inspecting them ensures all parties know exactly what is included in the sale, preventing disputes after transfer.
Many appurtenances (like installed sheds or in-ground pools) may deteriorate or be damaged over time. Inspecting them helps verify their condition and may reveal issues affecting property value or usability.
Valuation:
The presence, absence, or condition of certain appurtenances (such as easements allowing shared driveway access) can increase or decrease property value and impact negotiations.
Certain appurtenant rights like an easement may allow others to use part of your property or give you access over someone else’s land. Inspecting and verifying the existence and extent of these rights is important for understanding how you can use your property.
Compliance and Improvements:
Permanent improvements classified as appurtenances must often comply with building codes or neighborhood covenants. Inspections ensure these components are legal and properly maintained.
Related Trends Include:
- Commercial Due Diligence
- Routine Maintenance
- Site Assessment
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