Property Ownership
A deed restriction (restrictive covenant) running with the land in Oklahoma:
AExpires automatically after 10 years
BBinds all future owners of the property✓ Correct
COnly applies to the original buyer
DMust be re-recorded every 5 years to remain valid
Explanation
A restrictive covenant that runs with the land is binding on all future owners of the property, not just the original buyer. These covenants can restrict use, set architectural standards, or impose other obligations on owners.
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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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