Promises written into deeds and other instruments agreeing to performance or nonperformance of certain acts, or requiring or preventing certain uses of the property.
An agreement made between the seller & the purchaser of a piece of property or a home
Covenants are pre-established financial ratios that ALSTOM must maintain compliance with to respect financing agreements with its lenders.
building restriction that are created and enforced by a neighborhood cooperation.
Provisions in a venture capital investment agreeme... Add a comment
A binding and solemn agreement made by two or more individuals, parties, etc., to do or keep from doing a specified thing.
Specific agreements or regulations, which are legally enforceable and are transferred with the deed to the new owner, governing the use of a property. Covenants may also be used in historic districts. Discriminatory covenants are illegal and unenforceable. Also known as Covenants, Conditions, and Restrictions (CC&R); Deed Restrictions; or Restrictive Covenants.
Legal promises or obligations
what you promise to do under the agreement - i.e. "tenant covenants that he shall not permit any unlawful acts on the premises"
A set of conditions agreed to in a formal debt agreement and designed to protect the lender's interests. Covenants may include restrictions on debt/equity ratio, working capital, or dividend payments. See also management goals.
The obligations laid down in the Trust Deed that defines the relationship between borrower and lender.
Rules and restrictions controlling the use of property.
Legally binding agreements where one party makes a promise or a commitment to another party.
A legal means of controlling the structures and/or activities that can be placed on a parcel of land. They are designed to control land in a limited area, such as a subdivision. They are a private land-use restriction, enforced privately by the courts. They typically run with the land, also known as "restrictive covenants" or "deed restrictions."
Provisions in the legal agreements on loans, bonds, or lines of credit. Usually written by the lender to protect its position as a creditor of the borrowers.
Clauses included in deeds or public records that prohibit or forebear specific acts.
Deed | Deed of Trust | Draw Request | Draw Schedule | Earnest Money
Promises included in an agreement to perform or not to perform certain acts. For example, a loan may contain a covenant that the borrower's debt-to-equity ratio cannot exceed 2 to 1.
The negative or affirmative contractual agreements of a company in favor of specified investors (i.e., a particular class of preferred stock or subordinated debt-holders). Affirmative covenants mandate positive actions that a company will perform, such as providing specific financial information to investors. Negative covenants specify actions that a company will not take without consent, such as incurring additional funded debt.
Are formal conditions or clauses which are written into credit agreements. Often the document which contains these covenants and terms is called the indenture.
Things the owner of a property must or must not do. Those the owner must do include repairs. See also Restrictive Covenant.
Agreements written into deeds and other instruments promising performance or non-performance of certain acts or stipulating certain uses or non-uses of a property. Covenants are sometimes referred to as encumbrances.
Regular annual payments paid using funds from your taxable income under a legally binding agreement. Most commonly used for regular payments to charities, but may also be used for certain payments in connection with your business, such as payments to retiring partners.
Agreements, usually part of legal documents.
Rules and restrictions governing the use of property.
restricting a borrower's activities during the loan agreement in order to protect the lender
Binding agreements to do, or not do, something with a property/business.
Agreements written into deeds and other instruments stating performance or non-performance of certain acts or noting certain uses or non-uses of property. Select Another Letter
Covenants are usually drawn to list or give many stipulations as to how the real estate may be used or what may be built or put on the real estate. (This is also known as "restrictive covenant".)
Rules and conditions contained in the deeds that relate to the use of the property
Restrictions that are built into the deed of a specific property. Most commonly, covenants have been created by subdivision or neighborhood associations in order to maintain control over property appearance. However, covenants may also be private agreements between an individual seller and buyer.
Restrictions or standards to outline how property may be modified and used.
Agreements contained in Deeds and other instruments for the performance or non-performance of certain acts, or the use or non-use of property in a certain manner.
Rules and regulations governing the use of property.
The terms of the tenancy agreement – obligations - “promises” made by either Landlord or Tenant.
Usually called Restrictive Covenants because they restrict the use of real property. Often required as part of the subdivision process by the approving authority, these are charges registered against the title, and binding upon all subsequent owners. These covenants govern how a property may be used. The most common are Covenants for in favour of the Ministries of Health, Environment or Highways. See also "Statutory Building Schemes" which have the same effect but are declared by the developer as away of maintaining controls on the appearance of the homes in the subdivision and the uses of the properties.
Formal conditions or promises that are written into transaction agreements. See also, Special Conditions.
Enforceable promises contained in deeds. They can be positive where the person must do something, or negative where they must not do something.
These are conditions that are contained in the deeds that are binding on the owner of the property. Examples include, not to use the property for business purposes, not to build on the land without consent, or to repair and maintain certain boundaries.
legally binding promises or obligations written into agreements like mortgages which bind one party to a responsibility or action (pages 102-3).
Wording found in deeds that limits/restricts the use to which a property may be put (e.g. no bars).
Are promises contained in deeds. They are enforceable. There are basically two types: positive and negative. The positive covenant requires the person bound by it to do something, for example, to build or maintain something. A negative covenant prevents the person from doing something, for example, NOT building or NOT erecting a fence.
An agreement written into deeds and other instruments promising performance or non-performance of certain acts, or stipulating certain uses or non-uses of the property. top
Agreements or promises contained in deeds and other instruments for performance or nonperformance of certain acts, or use or nonuse of property in a certain manner.
A clause in a contract that restricts the borrower from performing certain acts. For examples, condos usually have covenants that detail regulations to maintain a property's design and maintenance.