Real Estate Glossary

What is Breach of Covenant?

A Breach of Covenant is a failure to fulfill a promise or commitment that is made in a legal agreement or contract. This can include failure to maintain property, failure to pay taxes, or failure to use property for a specific purpose. A breach of covenant can lead to legal action, and may result in penalties, fines, or termination of the contract.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, SC, TN and TX.
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