Description |
An equitable servitude is a term used in the law of real property to describe a nonpossessory interest in land that operates much like a covenant running with the land. Negative and affirmative servitudes (burden or benefit) are recognized. A covenant can be enforced against the current owner or successors of the burdened land who have notice of the covenant. |
Type : SERVITUDE |
Definition |
An equitable servitude is a term used in the law of real property to describe a nonpossessory interest in land that operates much like a covenant running with the land. Negative and affirmative servitudes (burden or benefit) are recognized. A covenant can be enforced against the current owner or successors of the burdened land who have notice of the covenant. (Defined in file MISMO_3.4.0_B324.xsd , or a file it imports) |
Elements | |||
CONDITION_COVENANT_RESTRICTIONS | Information regarding one or more types of condition, covenant, or restriction. Holds all occurrences of CONDITION_COVENANT_RESTRICTION.Information regarding one or more types of condition, covenant, or restriction. Holds all occurrences of CONDITION_COVENANT_RESTRICTION. | ||
EXTENSION | |||
SERVITUDE_DETAIL | Information about the type and description of the servitude.Information about the type and description of the servitude. |
Attributes | |||
label | |||
SequenceNumber | An integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element. |
Parents |
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\ASSETS\ASSET\OWNED_PROPERTY\PROPERTY\SERVITUDES
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