What does "dependency" of property refer to in Georgia real estate law?

In Georgia real estate law, "dependency" of property typically refers to situations where a property is burdened or limited by some legal right or encumbrance, such as an easement. An easement is a right that allows someone to use a portion of another person's property for a specific purpose, such as access to a road or utility lines. This means that while the property remains owned by the titleholder, it has certain limitations or responsibilities associated with the easement, which can affect how the property can be used or developed.

Burdening the property with an easement signifies a dependency because the property owner may need to accommodate the rights of the easement holder, which can influence the overall value and usability of the property. This concept is critical in real estate transactions, as potential buyers must understand any existing easements and their implications.

The other options do not accurately represent the meaning of "dependency" in this context. A property under foreclosure, property that is rented, or property in a lease agreement each describe different aspects of property status and use, but they do not specifically reference the legal burden that easements impose on real estate.