mnemonic

Question 1

Covenant Burden to Run?

Answer 1

WITH VN

1. Writing
2. Intent
3. **Touch and Concern **(covenant related to land)
4. Vertical (transfer ENTIRE parcel not LE, lease, AP)
5. Horizontal Privity (1. instant: covenant in deed during sale of plot 2 2. simultanous interest + promise about land)
6. Notice AIR

Question 2

Vertical Privity = Costco

Answer 2

Wholesale

Question 3

Horizontal Privity = IS

Answer 3

Instant = covenant in deed during sale of plot 2
Simultaneous= interest in land + related promise (ex: easement + promise to maintain)

Question 4

Types of Notice?

Answer 4

AIR

Actual, Inquiry, Record
Note BFP takes if NO AIR + value

Question 5

Benefit to run w/ Covenant

Answer 5

WIT V

Question 6

Terminate Covenant?

Answer 6

Covenant MAE be terminated

Merger
Abandon or estoppel
Eminent Domain (uncle sam swipes)

Question 7

Equitable Servitude Creation?

Answer 7

WIT N

Question 8

Terminate Equitable Servitude?

Answer 8

CRAMP

Release, Abandon/Estoppel, Merger, Purpose (none), Condemnation

Question 9

How to create easement?

Answer 9

PING