Covenants Flashcards
Covenants that run with the land - requirements
PINT
P- Privity (horizontal and vertical)
- vertical: contract; servient estate transfers ALL interests to new owner
- horizontal: estate; landlord/tenant; grantor/grantee; mortgagor/mortgagee
I- Intent (written intent)
N- Notice (servient side takes notice)
T- Touch and concern the land
Equitable servitudes
same as covenants but no privity (TIN)
Implied reciprocal servitude
(1) not written
(2) must be negative
(3) filed declaration containing restrictions
(4) common scheme or plan
(5) current owner of servient estate takes with notice of the CC&R
termination of covenant/equitable servitude
(1) written release;
(2) merger of the dominant and servient estates; abandonment;
(3) estoppel, or
(4) changed circumstances so that the reason behind the restriction is no longer valid
JTs and mortgages
cannot encumber the other JTs so when the JT dies, the mortgage goes away.
covenants to pay insurance
are considered to run with the land if the proceeds are used for repair or replacement by LL
The covenant of quiet enjoyment and remote grantees
runs with the land, meaning that a remote grantee can sue the original grantor for damages if a third-party claimant disturbs the grantee’s possession and enjoyment.
special warranty deed effect
does not warrant lack of defects in prior chain of title
courts do not like to bind future landowners to
payments for an indeterminate period
affect of liens when tenants in common
the lien only affects the share related to the person the lien is agaisnt