Real Covenants Flashcards

1
Q

Real Covenant

A

agreement/promise that** runs with the land **and can be affirmative (require burden party to do something) OR

NEGATIVE (restricts how land can be used)

enforced by actions at law, money damages

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2
Q

Requirements for Burden to Run w Land

A

1)written document complies with SOF
2)horizontal privity: when there is shared interest in property at time covenant is created (landlord-tenant/mortgageor-mortgagee)
3)vertical privity: if original party transfer entire estate to a subsequent owner

4) intent: original parties to covenant must intend for it to run w land and bind subsequent owners
5)** touches and concerns : when covenant acts as a requirement/restricting affecting value or use of land
6)
Notice**: to enforce on a subsequent owner, they must have actual notice, inquiry notice or constructive notice

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3
Q

Benefit to run w Land

A

1) written
2) vertical privity (transfered the estate to subsequent owner)
3) intent: original parties intend for it to run w land
4) touches and concerns w land: exist when Covenant act as a requirement or restricting affecting value or use of land.

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4
Q

Termination of a Covenant or Servitude

A

1) release
2) abandonment
3) merger
4) prescription
5) condemnation (eminent domain)
6) changed circumstances

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5
Q

Termination

Release

A

occurs if parties execute a subsequent writing that complies w/ SOF that expressly releases the right to covenant

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6
Q

Termination

Abandonment

A

Occurs if owner of right
1) intends to terminate covenant and
2) acts in a way to termiante covenant

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7
Q

Termination

Merger

A

occurs if title to parcels of land burdened and benefitted by covenant are acquired by same owner

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8
Q

Termination

Prescription

A

occurs if holder of right fails to protect the interest for a statutory period

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9
Q

Termination

Condemnation

EMINENT DOMAIN

A

occurs if government takes property that is subject to a covenant

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10
Q

Termination

Changed Circumstances

A

occurs if there is a substantial change that affects all benefitted properties (purpose cant be achived bc its lose usefulness)

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