Property Ownership
A deed covenant running with the land in Colorado means that the restriction:
AApplies only to the current owner and expires when the property is sold
BBinds future owners of the property as it transfers through title✓ Correct
CMust be renewed every 10 years by the homeowners association
DIs enforceable only by the original grantor
Explanation
A covenant running with the land is a restriction in a deed that transfers with the property to future owners. It is binding on all subsequent owners, not just the original buyer.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
EasementA non-possessory right to use another person's land for a specific purpose.
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