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Original Buyer took fee simple subject to a recorded covenant to maintain a wall, then leased the property to Tenant for 10 years. The benefited owner sues Tenant for damages for breach of a real covenant. Which statement is most accurate?
A covenant burden automatically binds a lessee because the lessee possesses the land.
Strict vertical privity for the burden may fail if the alleged burdened successor received less than the covenantor's entire estate.
Vertical privity is required only for easements.
Vertical privity is irrelevant whenever the covenant is recorded.