Property OwnershipIntermediateDelaware Exam
What is a 'covenant running with the land' in Delaware?
AA promise that binds only the original contracting parties
BAn obligation or restriction that binds future owners of the propertyCorrect
CA utility easement granted to the county
DA temporary building restriction during construction
Why An obligation or restriction that binds future owners of the property Is Correct
Answer B: An obligation or restriction that binds future owners of the property
A covenant running with the land is a restriction or obligation that is attached to the property and binds not only the original owner but all subsequent owners of the land.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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