What is a restrictive covenant?

A restrictive covenant is a type of real estate law in Delaware that limits how property can and cannot be used. It is a legally binding agreement that is enforced by the courts and affects the use of a parcel of land. The covenant defines what the owner of the land may and may not do with the property, and sets limits on the types of activities that may or may not take place. For example, a restrictive covenant might prohibit the construction of a building taller than three stories. It might also set limits on the number of homes that can be built on the property. Additionally, a covenant could limit the types of activities that can take place on the land, such as restricting commercial activity or prohibiting certain behaviors, such as loud noise. Restrictive covenants are important because they can help to protect a neighborhood from undesirable activity. They ensure that the land and the surrounding area remain in a safe and desirable condition. Additionally, restrictive covenants can help to increase the value of the land by limiting the number of homes that can be built so that each house is of a higher quality. Restrictive covenants also ensure fairness between neighbors by regulating the use of the land.

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What is a restrictive covenant?

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