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.
restrictive covenant An agreement between two or more individuals, incorporated within a deed which stipulates how land may be used. The constraints may include: the specific use to which a property can be put, the location and dimensions of fences, the setback of buildings from the street, the...
What Is a Restrictive Covenant Agreement in Real Estate? A restrictive covenant in real estate mandates owners and tenants to avoid or take specific actions to preserve the value and enjoyment of the adjoining land. For example, restrictive covenants can prevent owners and tenants from making certai...
restrictive covenant meaning, definition, what is restrictive covenant: a covenant where someone agrees not to d...: Learn more.
Change of Control Covenants:These covenants come into play when there is a change in ownership or control of the borrower’s business. They may require the new owners to assume the obligations of the loan agreement or receive the lender’s consent before transferring ownership. ...
Define Union restrictive measures. means measures adopted on the basis of Article 29 of the Treaty on European Union and Article 215 of the Treaty on the Functioning of the European Union;
The Supreme Court therefore agreed that the covenant was unenforceable, given that the covenantee had lost his ability to enter into the agreement at the time the covenant was purportedly made.[1] In another case, a restrictive covenant in Altona had been the subject of extensive advertising in...
may be deleted or amended by the Registrar if the restrictive covenant is released or varied by— … (d)the agreement of all of the registered proprietors of all land affected by the covenant; … If the proposed modification or removal is not controversial and/or the number of beneficiaries...
("Housing Solutions"), who became the respondent in the appeal. The Court of Appeal subsequently disagreed with the Upper Tribunal and overturned the decision - meaning that Housing Solutions had purchased units which had been built in breach of covenant (and was potentially vulnerable to a ...
restrictive covenant n. 1) an agreement (covenant) included in a deed to real property that the buyer (grantee) will be limited (restricted) as to the future use of the property. Example: no fence may be built on the property except of dark wood and not more six-feet high, no tennis...