Hereditament
HEREDITAMENT (from Lat. hereditare, to inherit, heres, heir), in law, every kind of property that can be inherited. Hereditaments are divided into corporeal and incorporeal; corporeal hereditaments are " such as affect the senses, and may be seen and handled by the body; incorporeal are not the subject of sensation, can neither be seen nor handled, are creatures of the mind, and exist only in contemplation " (Blackstone, Commentaries). An example of a corporeal hereditament is land held in freehold, of incorporeal herditaments, tithes, advowsons, pensions, annuities, rents, franchises, etc. It is still used in the phrase " lands, tenements and hereditaments " to describe property in land, as distinguished from goods and chattels or movable property.
Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)