I

In 'Interests in land "run with the land." This means that: 0 1) The interest in land is tied to the property itself and is therefore binding on subsequent owners of the land. (D 2) The owner is free to do whatever they want with the land as long as they do not infringe on the rights of neighbouring property owners. (2) 3) The owner of that interest now has the right to exclusive use and possession of the land to the exclusion of all others, including the government. 4) The interest must be renewed on an annual basis or the owner of the interest loses their rights. Contracts for interests in land are governed by the privity of contract rule; i.e.. the contract affects only the parties to the contract.