Real Estate Glossary

What is Covenant?

A covenant is a legally binding agreement or promise. In the context of real estate, covenants can be used to restrict or regulate the use of a property. For example, a covenant might prohibit a property owner from using their land for certain purposes, such as building a commercial development or operating a noisy business. Covenants can be created by the owner of a property or by a government agency, and they can be enforced by legal action.

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