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.
however, isn’t unlimited. Federal, state and local laws may place limits on the kinds of alterations you can make to your home. Additionally, your home may be subject to restrictive covenants, depending on the community where you live. ...
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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...
Covenants, Equitable Servitudes and Restrictions 5: Defenses to Enforcement Private Land Use Arrangements: Easements, Real Covenants, and Equitable Servitudes (2nd Edition) is the most comprehensive and integrated treatment available of the interrelated areas of easements, covenant, and servitudes. The...
They might also place restrictions regarding construction of other kinds of buildings on the property, as well as control activities that take place within its boundaries, such as rentals. In the United States in recent years, legally enforceable covenants that restrict occupancy based on (for ...
(called "covenant running with the land" if enforceable against future owners). 2) all restrictive covenants based on race ("the property may be occupied only by Caucasians") were declared unconstitutional in 1949, and if they still show on deeds, are null and void. (See:covenant that runs...
In real estate transactions, restrictive covenants are binding legal obligations written into the deed of a property contract, usually by the seller. These
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...
On the one hand, these agreements can promote innovation and competition by protecting the intellectual property and trade secrets of businesses. This can lead to the development of new technologies, products, and services that benefit society as a whole. On the other hand, restrictive covenants ...