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)
“The custard is setting; meanwhile
I not only have my own history to worry about
But am forced to fret over insufficient details related to large
Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)
“A counterfeiting law-factory, standing half in a slave land and half in a free! What kind of laws for free men can you expect from that?”
—Henry David Thoreau (1817–1862)