Escrow & Title
A Maine property has a covenant restricting use to residential purposes only. This covenant 'runs with the land,' meaning it:
AExpires after the current owner sells
BBinds all future owners of the property✓ Correct
COnly applies to the original developer
DCan be waived by the municipality
Explanation
A covenant that runs with the land is enforceable against all successive owners of the burdened property. The covenant is attached to the land itself, not to a specific individual.
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