• A habendum clause is a section of a contract relating to the rights, interests, and other aspects of property transferred by one of the parties in land transactions.

  • When renting real estate, the hubendum clause concerns the rights and interests of the tenant.
  • In contracts for the sale of real estate, habendum clauses deal with the transfer of ownership, usually (but not always) without restrictions.
  • In oil and gas contracts, the habendum clause establishes a basic period during which the company owns mining rights to the land, but is not required to start exploration.