hereditament

/ˌhɛrɪˈdɪtəmənt/
noun
  1. Any property, either physical (like land or a building) or non-physical (like a right or title), that can be inherited.
    • The lawyer explained that the fishing rights were considered a hereditament under the law.
    • The old farm was a valuable hereditament passed down through generations.
    • In her will, she left several hereditaments, including a house and a collection of antique books.