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Restrictive Covenants
Restrictive Covenants
6 cards·by rfletcher77
What are positive and restrictive covenants?
Positive and Restrictive covenants are legally binding obligations
What is a Restrictive Covenant?
An obligation NOT to do something e.g. build above a certain height, park a caravan etc.
What is a Positive Covenant?
An obligation on someone TO DO something e.g. maintain a fence, paint a wall etc
What is the name of the person who gives the covenant?
The Covenantor
What is the name of the person receiving the covenant?
The convenantee
Who has the Burden of the covenant?
The Covenantor