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Simple English definitions for legal terms
real covenant
Read a random definition: closed source
A quick definition of real covenant:
Real Covenant: A real covenant is a type of agreement that is connected to a piece of land. This means that the covenant is not just between two people, but it also affects anyone who owns or uses the land in the future. It is like a promise that the landowner makes to follow certain rules or restrictions, and these promises stay with the land even if the owner sells it to someone else.
A more thorough explanation:
A real covenant is a type of covenant that runs with the land. This means that the covenant is attached to the property and is binding on all future owners of the property. Real covenants are often used in real estate transactions to ensure that certain conditions are met or restrictions are placed on the use of the property.
For example, a real covenant may require that a property owner maintain a certain level of landscaping or prohibit the construction of certain types of buildings on the property. These covenants are often included in the deed to the property and are enforceable by law.
Another example of a real covenant is a requirement that a property owner pay an annual fee to a homeowners association for the upkeep of common areas in a neighborhood. This covenant is binding on all property owners in the neighborhood and is designed to ensure that the common areas are well-maintained for the benefit of all residents.
Real covenants are an important tool for ensuring that properties are used and maintained in a way that benefits the community as a whole. By attaching covenants to the land, property owners are held accountable for their actions and are required to comply with certain rules and regulations.