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A property covenant is an agreement between two or more parties regarding certain use of a piece of real property. The covenant will either benefit or burden the landowner. A covenant that burdens the landowner is also called a restrictive covenant.
What are covenant documents?
A covenant is a formal agreement or promise, usually included in a contract or deed, to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law. An example of a contractual covenant is a non-compete agreement.
What is the difference between a deed and a covenant?
DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
What does quitclaim with covenant mean?
Quitclaim is a release of any interest (claim) one has in the property. A covenant is the performance of an act or obligation. Quitclaim in this case means that others do not have a claim to the property you own. A covenant can be either personal or can run with the land.
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covenant that runs with the land | Wex - Law.Cornell.Edu
A property covenant is an agreement between two or more parties regarding certain use of a piece of real property. The covenant will either benefit or burden
Land use covenants are recorded at the county recorders office so that they will be found during a title search of the property deed. Land use covenants
A covenant for title that comes with a deed or title to the property assures the purchaser that the grantor has the ownership rights that the deed purports
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