A covenant, in its most general sense, is a solemn promise to engage in or refrain from a specified action.
A covenant is a type of contract in which the covenantor makes a promise to a covenantee to do or not do some action. In real property law, the term real covenants is used for conditions tied to the use of land. A "covenant running with the land", also called a covenant appurtenant, imposes duties or restrictions upon the use of that land regardless of the owner. In contrast, the covenant in gross imposes duties or restrictions on a particular owner.
Covenants for title are covenants which come with a deed or title to the property, in which the grantor of the title makes certain guarantees to the grantee.
Under the common law a covenant was distinguished from an ordinary contract by the presence of a seal. Because the presence of a seal indicated an unusual solemnity in the promises made in a covenant, the common law would enforce a covenant even in the absence of consideration. A covenant is also used to describe a contract or a legally binding promise.
Read more about Covenant (law): Covenants Related To Land
Other articles related to "covenants":
... Title covenantsserve as guarantees to the recipient of property, ensuring that the recipient receives what he or she bargained for ... The English covenantsof title, sometimes included in deeds to real property, are (1) that the grantor is lawfully seized (in fee simple) of the property, (2) that the grantor ... The English covenantsmay be described individually, or they may be incorporated by reference, as in a deed granting property "with general warranty and English covenantsof title ...
Famous quotes containing the word covenant:
“Do not say to yourself, My power and the might of my own hand have gotten me this wealth. But remember the LORD your God, for it is he who gives you power to get wealth, so that he may confirm his covenant that he swore to your ancestors, as he is doing today.”
—Bible: Hebrew, Deuteronomy 8:17,18.