A restrictive covenant is an agreement that restricts a company or other party to a contract from engaging in certain actions. For example, a restrictive covenantentered into with a public company might limit the amount of dividends the firm can pay its shareholders. It could also place a cap ...
When real estate restrictive covenants carry over from one property owner to the next, the restrictions are said to "run with the land." Restrictive covenant documents will usually outline the fines imposed for violations, which could include alienon the property. Just like employment covenants, th...
What is a Restrictive Covenant? A restrictive covenant is a promise included in a legal agreement that prevents one party to the contract from taking a specific action. When a party enters into a restrictive covenant, he/she agrees to refrain from doing something or from using a property in ...
词汇restrictive covenant 释义 Definition ofrestrictive covenantin English: restrictive covenant noun Law A covenant imposing a restriction on the use of land so that the value and enjoyment of adjoining land will be preserved. 〔律〕限制契约,限制使用土地的约定 ...
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...
restrictive covenant英英释义 noun in an agreement or contract, a restriction on the action of one of the parties, esp. the prohibition, now illegal in the United States, of rental or sale of real estate to someone of a specified minority or ethnic group. ...
However, the analysis of interests labeled as "restrictive covenants" or "restrictive easements" is not always so simple, and a court ought not abort its analysis of an agreement just because the parties have used the words "restrictive covenant." In many cases, a contract, even if recorded...
A real estate developer may be prohibited from selling a portion of their property without the lender’s consent to protect the value of the collateral. A borrower may be restricted from incurring additional debt or issuing new securities to prevent overleveraging and ensure the lender’s position...
A restrictive covenant can prevent an alternative use of the property if the highest and best use of a property changes. It can also be used for any purpose to restrict future use.RoarkMemberBillMemberRyanMemberEBSCO_bspConcise Encyclopedia of Real Estate Business Terms...
A restrictivecovenantis a condition that restricts, limits, prohibits, or prevents the actions of someone named in an enforceable agreement. In bond obligations, restrictive covenants limit the amount issuers can pay in dividends to investors. Restrictive covenants are common inreal estatedeeds and lea...