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What are some examples of covenants?

Some covenants require certain action to be taken (e.g., owners of a home must trim their trees) while others restrict action (e.g., owners of a home are not allowed to build a fence).

What is an example of a protective covenant?

They can include restrictions on architectural styles, colors, fence heights, types of landscaping, and prohibitions on commercial use in a residential area, among others. Violating these covenants can result in legal action or fines.

Which of the following is an example of a protective covenant?

For example, a protective covenant may restrict the type of buildings that can be constructed on a property, dictate architectural styles, or set standards for landscaping.

What is a declaration of protective covenants?

Declaration of Protective Covenants means the Declaration of Protective Covenants, conditions, reservations, and restrictions running with the land, contained in deeds to lot owners granted by the developer and/or otherwise binding upon the lots within the Development as a result of a general scheme of development.

What are the most common covenants?

Common examples of loan covenants Debt service coverage ratio (DSCR) Interest coverage ratio. Leverage ratio. Liquidity requirements. Financial reporting requirements. Restriction on additional debt. Capital expenditure limits.

What are protective covenants give me an example of one?

Protective covenants typically cover a range of specific provisions, including but not limited to: Architectural Guidelines: Rules regarding the style, color, and materials that homes can use to ensure aesthetic uniformity.

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