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...
Restrictive Covenants in Conveyances of Real EstateColum Jurist
Operational Covenants:These covenants restrict certain business activities of the borrower. For example, they may limit the borrower’s ability to sell major assets, enter into partnerships or joint ventures, or make significant changes to their business operations without the lender’s approval. Change...
Restrictive covenants at one time were used to prevent minorities from moving into residential neighborhoods. A group of homeowners would agree not to sell or rent their homes to African Americans, Jews, and other minorities by including this restriction in their real estate deeds. Until 1948 it ...
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...
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There are private alternatives to solving collective action problems, such as restrictive covenants among property owners to maintain their neighborhood's historic allure. Definition ofrestrictive covenantin US English: restrictive covenant nounrēˈstriktiv ˈkəvənənt ...
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By Risa Lynn Wolf-Smith Shedding Burdensome Restrictive Covenants in Real Estate Sales Real property sales in bankruptcy are often saddled by burdensome restrictive cov- enants, a legally enforceable promise to do or not do something to a piece of real property. In essence, covenants are ...
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...