Covenants Related To Land
Each covenant has two sides: the burden and the benefit. The burden is the promissor's duty to perform the promise and the benefit is the promisee's right to enforce the promise.
These covenants "run with the land" which means that subsequent owners or successors may either be able to enforce the covenant or be burdened by it.
Read more about this topic: Covenant (law)
Famous quotes containing the words covenants, related and/or land:
“Love prays. It makes covenants with Eternal Power in behalf of this dear mate.”
—Ralph Waldo Emerson (1803–1882)
“Just as a new scientific discovery manifests something that was already latent in the order of nature, and at the same time is logically related to the total structure of the existing science, so the new poem manifests something that was already latent in the order of words.”
—Northrop Frye (b. 1912)
“The land is the host and humans merely guests.”
—Chinese proverb.