Something which can be inherited.
Any property or right which is capable of being passed on by inheritance.
In his 1923 A Dictionary of English Law (London: Sweet & Maxwell, p. 443-444), W. J. Byrne describes the term as follows:
"'Whatsoever,' says Coke, 'may be inherited is an hereditament'.
"In other words, when a right is of such a nature that on the death of its owner intestate it descends to his heir, it is a hereditament."
In Robert Megarry's The Law of Real Property (London: Stevens & Sons, 1975, p. 12), the author states that:
"'Hereditement' indicates property which descended to the heir on intestacy."
Hereditaments are corporeal (tangible) and incorporeal (intangible).