The meaning of RESTRICTIVE COVENANT is a covenant acknowledged in a deed or lease that restricts the free use or occupancy of property (as by forbidding commercial use or types of structures). How to use restrictive covenant in a sentence.
The meaning of RESTRICTIVE is of or relating to restriction. How to use restrictive in a sentence. Did you know?
limits what the owner of the land or lease can do with the property. Restrictive covenants allow surrounding property owners, who have similar covenants in their deeds, to enforce the terms of the covenants in a court of law. They are intended to enhance property values by controlling ...
Understanding Restrictive Covenants in Finance When it comes to the world of finance, there are many legal terms and concepts that may seem complicated and confusing. One such concept is restrictive covenants. In this article, we will break down what restrictive covenants are, how they work, and...
(redirected from Covenants, Conditions and Restrictions)Also found in: Legal, Financial, Encyclopedia. restrictive covenantn (Law) law a covenant imposing a restriction on the use of land for the purpose of preserving the enjoyment or value of adjoining land...
Adj.1.restrictive- serving to restrict; "teenagers eager to escape restrictive home environments" unrestrictive- not tending to restrict 2.restrictive- (of tariff) protective of national interests by restricting imports protective- intended or adapted to afford protection of some kind; "a protective ...
A low price is paid for the undeveloped land, which the developer subsequently sells burdened with a number of restrictive covenants. The developer might stipulate in the contract of sale that the owner must retain the original size of a lot. Developers can also make owners agree that houses ...
Types of Restrictive Covenants The following are common types of restrictive covenants between companies and their employees: 1. Non-compete agreement Anon-compete agreementrestricts one party from competing directly with the other party for a specific period of time or within a defined geographical loc...
Define Restrictive measure. means a method of last resort that may be used by persons or entities providing specialized services only when necessary to keep people safe and with prior approval by the human rights committee in accordance with paragraph (F
The Goodwin Company attached racially restrictive covenants to property it sold in Washington State from 1924 to 1938. The Goodwin property deeds stated that property could not be sold “to any person not of the White race; nor shall any person not of the White race be permitted to occupy an...