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2003	4 Satisfied (56 Votes)

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What does covenants in agreement mean?

A covenant is a formal agreement or promise , usually included in a contract or deed , to do or not do a particular act.

What does it mean when a covenant runs with the land?

Examples of Tie-in Agreements in Real State: A property owner might require a commercial tenant to also lease a nearby residential property owned by the same landlord as part of the agreement.

What is a lot tie covenant?

Lot tie agreement means an agreement executed by the property owner whereby the property owner agrees that the described lots and/or parcels shall be held under the same ownership and not sold separately unless otherwise approved by the City.

What is an example of a tie in agreement in real estate?

A lien of a covenant is the beginning part of an agreement that states who is involved and what the agreement is about. Its like the title of a book that tells you what the story is going to be about. A lien is also a legal term that means someone has a right to keep something until they are paid for it.