Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
The definition of covenants running with the land is thus any obligation which all parties perceive as a covenant, and which stays with the mortgaged property, running with it, till it is released from the lien or the trust deed in question, which is difficult.
Covenant may run with land in case it is annexed directly to the estate, and may not be separated from the property/land and the land that is transferred without the same. This covenant may exist if the original and successive owners were subject to its obligation or had the legal entitlement to its benefit. A covenant will run with the land if it remains attached to the same, in spite of any ownership changes as well. However, in most cases, the transfer of land cannot be done without the covenant. Buyers purchase properties, accepting the easement in question.
