Beeren & Barry Investments, LLC v. AHC, INC.

OPINION BY Justice BARBARA MILANO KEENAN.

In this appeal, we consider whether a purchase option contained in a deed of trust is a covenant that runs with the land.

In 1999, Julio and Lourdes Bustillos purchased from AHC, Inc. (AHC), formerly Arlington Housing Corporation, certain real property (the property) located in the Lomax Homes subdivision of Arlington County. AHC, a "non-profit" Virginia corporation, develops and manages housing units for persons with low and moderate incomes. In this capacity, AHC administers programs that provide opportunities to first-time homeowners and low-interest…