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Simple English definitions for legal terms
covenantor
Read a random definition: Federal Housing Finance Board
A quick definition of covenantor:
Term: COVENANTOR
Definition: A covenantor is someone who makes a promise by covenant and is responsible for fulfilling the terms of that promise. They are the ones who have agreed to take on the burden of the covenant and must ensure that they meet their obligations. Another word for covenantor is covenanter.
A more thorough explanation:
Definition: A covenantor is a person who makes a promise by covenant and is subject to the burden of that covenant. It can also be spelled as covenanter.
1. In a real estate transaction, the seller is the covenantor who promises to transfer the property to the buyer in exchange for payment.
2. A tenant who signs a lease agreement is a covenantor who promises to pay rent and follow the terms of the lease.
3. A borrower who takes out a loan is a covenantor who promises to repay the loan according to the terms of the agreement.
These examples illustrate how a covenantor is someone who makes a promise or agreement and is legally bound to fulfill their obligations. In each case, the covenantor is subject to the burden of the covenant, which means they must comply with the terms of the agreement or face legal consequences.
covenant of good right to convey | covenant to protect against drainage