while positive covenants are actions youmusttake. For example, a negative covenant in real estate could prevent you from raising chickens on your property. On the other hand, a positive covenant could require you to mow your lawn. Loan documents...
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 covenants in real estate exist to prohibit the use of a property in a certain way by tenants, homeowners, or other occupants. Such restrictions often exist in gated communities and condominium developments. Many of the restrictions are often focused on preserving a certain style, appeara...
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...
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...
A definition of the term "restrictive covenant" is presented. It refers to any restriction on the size, use, occupancy, placement or architecture of buildings or other improvements that may be placed in the deed. A restrictive covenant can prevent an alternative use of the property if the ...
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 ...
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...
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