What term best describes contractual agreements that restrict the use of land, ostensibly in order to preserve the value of adjacent land or a neighborhood

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07-04-2022
Business

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What term best describes contractual agreements that restrict the use of land, ostensibly in order to preserve the value of adjacent land or a neighborhood

Sagot :

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Tundexiidn Tundexiidn · Answer 1 · 2022-04-14T04:47:12-04:00

In law, a restrictive covenant is the arrangement that generally restricts use of land in order to preserve the value of adjacent land or a neighborhood.

What is a restrictive covenant?

In an agreement, a restrictive covenant is a kind of condition that confers a restriction, limits or prohibition on the actions of someone named in an enforceable agreement.

In conclusion, these covenant in law is such arrangement that restricts a use of land in order to preserve the value of adjacent land or a neighborhood.

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Sagot :

What is a restrictive covenant?

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