Property Ownership

What is 'privity of estate' in Delaware real estate law?

AThe privacy requirement for real property estate planning
BA legal relationship between parties who hold successive interests in the same property, such as landlord-tenant or grantor-grantee✓ Correct
CThe private nature of a deed transfer between family members
DA restriction on transferring estate interests to third parties

Explanation

Privity of estate is the legal relationship between parties who hold successive or related interests in the same property — such as a landlord and tenant, or a grantor and grantee. It determines who may be bound by or benefit from real property obligations (covenants).

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