WebJun 3, 2024 · Covenant: A covenant is a promise in an indenture , or any other formal debt agreement, that certain activities will or will not be carried out. Covenants in finance most often relate to terms in ... WebA covenant may be created: by inclusion in a transfer or. as a restriction on the use of land by deed of agreement between the parties pursuant to s88 Conveyancing Act 1919. A covenant must: contain at least one clause that restricts the use of the land. A clause is restrictive if it does not involve the covenantor in any expenditure in order ...
Restrictive Covenant Definition Legal Glossary LexisNexis
Webrestrictive covenant, in Anglo-American property law, an agreement limiting the use of property. Known to Roman law but little used in England or the United States until the 19th … WebA covenant is a legal obligation to perform or not to perform certain acts with respect to property. If the obligation restricts the use and enjoyment of the land it is called restrictive covenant. Examples of restrictive covenants are not to use the property other than for residential purposes or not to build any structures on the property. mohave county cad
Restrictive Covenant Practical Law
WebIn the law of real property a restrictive covenant refers to an agreement whereby an owner of some interest in land has agreed not to use it in a particular way for the benefit of some other interest in the same or related land. Properly speaking, the term "restrictive covenant" should be limited to covenants running with the land,' but so many ... WebRelated to Waiver and Restrictive Covenant. Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if ... WebAug 21, 2024 · Restrictive covenant definition. According to the Merriam-Webster dictionary, a restrictive covenant is defined as follows: ... Restrictive covenants are legal and generally enforceable unless they violate the law, public policy or do not meet the reasonableness test. mohave county bookings