habendum
noun
                                                                                                                            
                                                            ha·ben·dum
                    
                                                                                                              
                                                                                                                              
            hə-ˈben-dəm
                                                      
                                                          
                                
              
          
                                                      : the part of a deed that limits and defines an estate of ownership granted and sometimes the type of tenancy by which the estate is to be held                                      
                
Note: The habendum is now often just a formality.
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  Merriam-Webster unabridged




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