What is a restrictive covenant?

A restrictive covenant is a legally binding agreement between two parties that limits the use of residential property in Oklahoma. This type of agreement is often used to protect property values and to maintain a certain level of quality in a residential neighborhood. Restrictive covenants typically include provisions such as restrictions on the types of building materials that can be used, the colors that can be painted on a structure, and the size and placement of signs and fences. They may also limit the number of animals that can be kept on a property, the types of vehicles that can be parked in a driveway, and the noise levels that can be generated around a property. In some instances, restrictive covenants even limit the occupancy of a property to certain types of individuals, such as members of an ethnic group or people of a certain religion. In Oklahoma, residential real estate law strictly forbids any discriminatory clauses in restrictive covenants.

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What is a restrictive covenant?

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