Property Ownership
In Iowa, a deed restriction that runs with the land binds:
AOnly the current owner
BAll future owners of the property✓ Correct
COnly those who signed the original deed
DOnly owners within the same subdivision
Explanation
A restrictive covenant that 'runs with the land' is binding on all future owners of the property, not just the original parties. It is typically created in a deed or a declaration of covenants and conditions.
People Also Study
Related Iowa Questions
- A restrictive covenant in an Iowa subdivision prohibits building structures over 2 stories. An owner violates this by building a 3-story home. Neighboring property owners may:Property Ownership
- An Iowa property is encumbered by a restrictive covenant prohibiting commercial uses. The covenant was created in 1952. Under Iowa's Marketable Title Act, this covenant:Escrow & Title
- A land contract (contract for deed) in Iowa is a financing arrangement where:Contracts
- A deed of trust in Iowa involves how many parties?Escrow & Title
- An Iowa land contract (contract for deed) differs from a mortgage because:Contracts
- In Iowa, a trust deed used in a real estate transaction involves which three parties?Property Ownership
- An Iowa property was purchased with a land contract in 1985. The buyer paid in full in 2000 but the seller never delivered a deed. The buyer's remedy is to:Escrow & Title
- A land contract (contract for deed) in Iowa is a financing arrangement in which:Finance
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.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Study This Topic
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →