The imposition of transfer fees created through private transfer fee covenants ("PTFC") that run with the land
, enforceable against future owners, is becoming increasingly common.
Agreements: The property's co-owners are allowed to enter into a limited co-ownership agreement that may run with the land
Similarly, when a lease calls for the lessee to maintain insurance, make repairs, or pay taxes, these obligations are also deemed to run with the land
and will remain in effect.
Since contamination of real property is the owner's personal legal obligation and does not run with the land
as does a lien or mortgage, the discounted sales price was given to cure the contamination problem, with the property's fair market value always equaling the value of contaminated property.