Covenants Flashcards
Covenants
Are promises that run with the property that bind the parties down the chain of title
Real covenant
Writing is required to create
Only runs if person purchasing burned land has actual notice
Historically needed vertical privity but trend is away from this requirement since actual notice is required
Remedy is at law: damages
Same estate for burden same or lesser estate
Equitable Servitude
Always Negative
No writing required except if it is a reciprocal negative easement
Runs with land if original parties intended promise to run, person purchasing burdened land has actual or constructive notice, and promise touches and concerns the land
Historically needed vertical privity but trend is away from this requirement since actual or constructive notice is required
Remedy is equity: injunctive relief
Reciprocal Negative Easement
is a type of equitable servitude in which a developer starts with a common plan with multiple lots, sells some lots with one or more negative promises designed to benefit all lots in the common plan, deed was recorded, all lots in plan are treated as containing the same promise.
Covenant touches and concerns land if purpose in effect, substantially alters rights of benefitted property owner
Home owner associates are treated by courts as alter-egos of property owners in membership and they can enforce covenants as if they were property owners
Termination of covenants
1) Changed Condition
2) Estoppel
3) Latches
4) Abandonement
5) Unclean hands
6) Release
7) Acquiescense
8) Merger
License
License is an oral or written permission allowing licensee to do some act on the land that would otherwise be a trespass
Can be revoked at any time unless it is coupled with an ownership in interest in chattels on land or estoppel