Property Ownership
In NH, a 'covenant running with the land' binds:
AOnly the original parties who agreed to the covenant
BThe original parties and all successive owners of the burdened property✓ Correct
CAll property owners within a 1-mile radius
DOnly commercial property owners
Explanation
A covenant that runs with the land binds not only the original parties but also all subsequent owners of the affected property. For a covenant to run with the land in NH, it must touch and concern the land, be intended to run, and there must be privity of estate.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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