RUNRIG LANDS

Lands In Scotland where the ridges of a field belong alternatively to different proprietors. Anciently this kind of possession was advantageous In giving a united interest to tenants to resist inroads. By the act of 1695, a 23, a division of these lands was authorized, with the exception of lands belonging to corporations. Wharton. … [Read more...] about RUNRIG LANDS

A covenant is said to "run with the reversion" when either the liability to perform it or the right to take advantage of it passes to the assignee of that reversion. Brown. … [Read more...] about RUNNING WITH THE REVERSION

A term used in real estate law to refer to a right or duty that remains with the land even after it gets sold and is passed onto every successive owner, for example, a utility easement or right of way to pass through land to enter a landlocked area. A covenant is said to run with the land when either the liability to perform it or the right to take advantage of it passes to the … [Read more...] about RUNNING WITH THE LAND

A running policy is one which contemplates successive insurances, and which provides that the object of the policy may be from time to time defined, especially as to the subjects of insurance, by additional statements or indorsements. Civ. Code Cal. … [Read more...] about RUNNING POLICY

A metaphorical expression, by which is meant that the time mentioned in the statute of limitations is considered as passing. … [Read more...] about RUNNING OF THE STATUTE OF LIMITATIONS