How do conditions and covenants differ in property transfers?

In property transfers, conditions and covenants serve distinct purposes, and the correct answer highlights a specific characteristic of conditions. Conditions are stipulations that can restrict the use of the property or impose requirements, and they are indeed related to the timing of ownership transfer. A condition must be established at the point of the transfer, meaning it is integral to how the property is conveyed. For instance, a property title might include a condition that a certain use must take place (like agricultural use) for the ownership to be valid.

The other options misrepresent fundamental aspects of conditions and covenants. While covenants are agreements that typically run with the land and might involve considerations beyond the time of transfer, they are not necessarily associated exclusively with residential properties. Additionally, conditions can exist indefinitely depending on how they are set up, contradicting the idea that they can only be established at transfer. Lastly, while covenants can indeed be enforceable through legal means, it is not correct to state that they universally enforceable by the state while conditions are not; both can have legal implications, but the distinction lies in how they operate in property law.