Property Ownership
In Florida, a 'covenant running with the land' is a promise that:
ACan be cancelled by the current owner
BIs binding on all future owners of the property, not just the original parties✓ Correct
COnly applies to commercial properties
DExpires after 25 years
Explanation
A covenant running with the land is a binding promise (positive or restrictive) recorded in a deed or other instrument that transfers to and binds future owners of the property as part of the title, not just the original contracting parties.
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