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Home / Opinion Digests / Real Estate – Purchase Option – Covenant – Run With Land (access required)

Real Estate – Purchase Option – Covenant – Run With Land (access required)

A purchase option in a deed of trust real estate buyers conveyed in a purchase of Arlington County property did not run with the land, and the trial court judgment so holding is reversed by the Supreme Court of Virginia; the buyers’ defaulted on their loan refinancing the property and the option retained by seller ...