Property Ownership

In Hawaii, a 'covenant running with the land' means:

AA. The covenant expires when the property is sold
BB. The obligation or benefit is binding on successive owners of the property✓ Correct
CC. The covenant only applies to the current owner who created it
DD. The covenant is recorded in a separate instrument from the deed

Explanation

A covenant running with the land is an obligation or right that passes automatically to new owners when property is conveyed, binding all future owners of the burdened or benefited parcel.

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