Property Ownership

A covenant running with the land in New Hampshire is enforceable by:

AOnly the original grantor

BSuccessive owners of the benefited property✓ Correct

COnly the town government

DOnly parties who signed the original deed

Explanation

A covenant (deed restriction) that runs with the land is binding on and enforceable by successive owners of the benefited parcel, not just the original parties to the deed.

People Also Study

Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Deed of Trust

A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.