Escrow & Title
In North Dakota, a 'deed restriction' or 'restrictive covenant' runs with the land, meaning:
AIt only applies to the original buyer
BIt binds all future owners of the property as long as it remains in effect✓ Correct
CIt expires after 25 years automatically
DIt only applies while the neighborhood association exists
Explanation
Deed restrictions (restrictive covenants) that 'run with the land' are binding on all subsequent owners of the property, not just the original buyer. They are typically noted in the title and bind future owners who take title with notice of the restrictions.
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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).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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.
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