Property Ownership
In Alaska, a 'covenant running with the land' binds:
AOnly the original parties who signed the covenant
BAll future owners of the property whether or not they knew of the covenant at purchase✓ Correct
COnly residential property owners, not commercial
DOnly current owners, not future owners
Explanation
A covenant that runs with the land binds and benefits all successive owners of the property. For a covenant to run with the land, it must meet specific requirements: intent to run, privity of estate, and touch and concern the land. CC&Rs in subdivisions are classic examples.
Related Alaska Property Ownership Questions
- A deed restriction in Alaska that requires properties in a neighborhood to be used only for residential purposes is an example of:
- Alaska does NOT have a state income tax. However, property owners in Alaska are generally subject to:
- ANCSA land held by Alaska Native corporations is unique in that Section 7(i) requires:
- Alaska does NOT recognize which of the following ownership forms?
- Which of the following creates a voluntary lien on real property in Alaska?
- A property in Alaska is subject to a deed restriction prohibiting commercial use. This restriction is an example of:
- An encroachment occurs when:
- What is unique about subsistence rights as they relate to rural Alaska property?
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