Vertical Privity
The relationship between an original party (whether the covenantor or covenantee) to a covenant and a subsequent owner of the subject real property affected by the original covenant. Vertical privity exists between the parties whenever an original party conveys real property to a subsequent owner.
Vertical privity may be required for a covenant to run with the land.
End of Document
Resource ID 5-583-0585 Document Type Glossary
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