Covenants binding land

(1) A covenant and a bond and an obligation or contract under seal made after 31st December, 1881, binds the real estate as well as the personal estate of the person making it if and so far as a contrary intention is not expressed in the covenant, bond, obligation or contract. (2) Every covenant running with the land, whether entered into before or after the commencement of this Act, shall take effect in accordance with any statutory enactment affecting the devolution of the land, and accordingly the benefit or burden of every such covenant shall vest in or bind the persons who by virtue of such enactment, or otherwise succeed to the title of the covenantee or the covenanter, as the case may be. (3) The benefit of a covenant relating to land entered into after the commencement of this Act may be made to run with the land without the use of any technical expression if the covenant is of such a nature that the benefit could have been made to run with the land before the commencement of this Act. (4) For the purposes of this section, a covenant runs with the land when the benefit or burden of it, whether at law or in equity, passes to the successors in title of the covenantee or the covenanter, as the case may be. 44