What is a real estate Covenant?

A property owner "covenants" or agrees to follow certain restrictions on how the land is used. Such covenants are promises made by a purchaser as a condition of a real estate transaction. Subsequent owners' use of the property will usually be governed by these deed restrictions. A real covenant runs with the land and is usually recorded in writing.

What is a covenant in a property deed?

In the context of residential neighborhoods, covenants are a set of rules. They govern how real property is used. Covenants also refer to promises or other governing clauses in deeds . For example, different types of covenants are recorded on a property deed: Restrictive covenants (negative covenants) place conditions on the use of land.

What are covenants & restrictions in real estate?

In the realm of real estate, understanding covenants and restrictions is paramount to maintaining a harmonious and legally compliant property ownership experience. These legal obligations and property restrictions, often outlined in a homeowner’s association (HOA) agreement or a deed, dictate what homeowners can and can’t do with their properties.