Definition
A covenant is a binding promise recorded with property, typically restricting or requiring specific uses. Covenants run with the land.
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Covenants run with the land, binding all future owners. Can include restrictions (no commercial use, setback requirements) or requirements (maintain buildings, pay HOA fees).
Pro Tip
Verify covenants can be enforced and run with land.
Example
A covenant requiring all homes in neighborhood to maintain landscaping and architectural standards.