Property Ownership

In South Carolina, what is a 'covenant running with the land'?

AA promise that expires when the property is sold
BA restriction or obligation in a deed or HOA declaration that binds future owners of the property✓ Correct
CA temporary use restriction imposed by the city
DA lien that transfers with ownership

Explanation

A covenant running with the land is a restriction or obligation in a deed or declaration that 'runs' with the property and is binding on all future owners. Common examples are deed restrictions and HOA rules in SC planned communities.

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