chapter 12 Flashcards
Real covenants in law
promises or agreements related to the use or condition to a piece of property
Burden of covenants to run with the land under common law
1.)SOF
2.)Intent
3.)Touch + concerns
4.)Vertical privity
5.)Horizontal Privity
Burden of covenants intent requirement (common law)
the original party must have intense for the successor to be bound.
Burden of covenants touch and concern requirement (common law)
Must relate to the property itself,A covenant touches and concerns the land if it restricts the promisor’s rights to the land, or if it decreases the value of the land.
Real covenants in Law
promises or remedies related to the use or condition to a piece of property.
Burden of the Covenants to run with the land
these elements must be satisfied under common law (SIPT)
1.)SOF
2.)Intent
3.)Horizontal + Vertical Privity
4.)Touch and Concern
Vertical Privity
The promissory must have transferred the entire estate to the successor.
Horizontal privity
landlord-tenant relationship; grantor-grantee relationship; Assignor-assignee relationship
Horizontal privity-if the covenantor and covenantee created the covenant in connection w/a conveyance of an estate from one to the other
Remedy for equitable servitude
remedy is equitable relief, such as a lien or foreclosure on lease
Covenatns in gross
personal covenant that does not run with the land
Termination of covenants
PLACE
1.)Public policy consideration
2.)Laches
3.)Abandonment
4.)Changed neighborhood
5.)Estoppel Estoppel
Equitable estoppel
concerning misleading conduct that concerns, misleading conduct, reliance, and injury