covenant that runs with the land

covenant that runs with the land

n. a promise contained in a deed to land or real estate which is binding upon the current owner and all future owners. (See: covenant)

References in periodicals archive ?
The reason for the attention is that such agreements are drafted with the intention of creating a property right known a real covenant that runs with the land and cannot be invalidated through the bankruptcy contract rejection process.
If, for example, the contract involves yet-to-be-produced gas, such underground gas is a form of real property at that moment and any covenant regarding such mineral should be a real covenant that runs with the land.