A restrictive covenant is a type of real covenant, a legal obligation imposed in a deed by the seller upon the buyer of real estate to do or not to do something. Such restrictions frequently "run with the land" and are enforceable on subsequent buyers of the property. In jurisdictions that use the Torrens system of land registration, restrictive covenants are generally registered against title.
Read more about Restrictive Covenant: Scope of Covenants, Modifying or Removing Covenants, Commercial Covenants, Residential Covenants
Famous quotes containing the words restrictive and/or covenant:
“The ground for taking ignorance to be restrictive of freedom is that it causes people to make choices which they would not have made if they had seen what the realization of their choices involved.”
—A.J. (Alfred Jules)
“Do not say to yourself, “My power and the might of my own hand have gotten me this wealth.” But remember the LORD your God, for it is he who gives you power to get wealth, so that he may confirm his covenant that he swore to your ancestors, as he is doing today.”
—Bible: Hebrew, Deuteronomy 8:17,18.