covenant that runs with the land

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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 ?
Facilitating that outcome, to a significant degree, was a May decision by New York Bankruptcy Judge Shelley Chapman that allowed Sabine to reject approximately $100 million in contractual obligations owed to two pipeline companies premised upon her interpretation of contract language creating a "covenant running with the land..
Each deed recited that the restriction was a covenant running with the land and could be enforced by any subdivision lot owner.