Explain what do you mean by Restrictive Covenants

Question

Explain what do you mean by Restrictive Covenants?

Answer 1

A restrictive covenant is a promise to refrain from certain conduct on, or use of, land. It runs with the land, i.e., it passes to the next owner. It is commonly used in new developments to put restrictions on the type of homes to be built, use of siding/brick, paving of driveways, minimum square footage, size of satellite dishes, etc.