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Types of Covenants

A covenant is a rule governing the use of real property.  Prospective buyers enter into such covenants as a condition of purchasing the land.  Condominium associations and housing cooperatives make use of covenants for the benefit of all residential owners and their neighbors for better safety and cooperation.  Covenants, conditions, and restrictions” or CC&Rs, are commonly found in real estate documents and the purchasers are bound by the restrictions mentioned in the CC&Rs.  Homeowners whose individual homes are not subject to any CC&Rs often form a voluntary association to promote the maintenance or enhancement of their property values.  Such an arrangement is called voluntary neighborhood covenant. Such covenants are comparatively difficult to enforce mainly because the covenants were formed after the fact of purchase, they are not “deed restrictions” and will not run with the land.

Inside Types of Covenants