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  • Covenant To Indemnify

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This document contains both information and form fields. To read information, use the Down Arrow from a form field. Covenant to indemnify the land titles assurance fund (under section 55 of the Land.

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How to fill out the Covenant To Indemnify online

Filling out the Covenant To Indemnify is an essential process for ensuring your obligations are met under the Land Titles Act. This guide will provide you with clear and comprehensive steps to complete the form online, making it accessible for all users.

Follow the steps to complete the Covenant To Indemnify online

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. In the first section, enter the date this Agreement is made. Fill in the day, month, and year as applicable.
  3. Next, complete the names involved in the Agreement. This includes your name and the designation of Her Majesty in right of Ontario.
  4. In the ‘Whereas’ section, clearly outline the circumstances that necessitate the covenant. Be specific and provide any relevant details.
  5. In the next field, indicate the consideration being provided. This is the benefit you will receive in exchange for your covenants.
  6. In the indemnification clause, confirm that you will keep Her Majesty indemnified against all losses related to valid claims as described.
  7. Finally, provide your signature along with that of the witnesses, ensuring all signatures are collected properly as required.
  8. Once all fields are completed, review the document for accuracy. You can then save changes, download, print, or share the form as needed.

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A breach of leasehold covenant policy would compensate the Insured in the event that the freeholder takes action in respect of the breach – this could be by demanding monetary compensation, insisting on the removal of the offending structure, if appropriate, or even taking steps to forfeit the lease.

One common way of making positive covenants enforceable against successors in title is by using what is known as a “chain of indemnity”. This is where each successive buyer gives an indemnity to the previous owner to bear the cost of complying with the covenant.

For example, a positive covenant might require the issuer to disclose audit reports to creditors periodically or to insure its assets adequately. While positive or affirmative covenants do not limit the operations of a business, negative covenants materially limit a business' operations.

An example of a positive covenant would oblige a party to repair or maintain a fence or wall or to contribute towards the cost of repair and maintenance by another party. A Negative, or restrictive, covenant sets out what cannot be done with the land or property.

Restrictive covenant indemnity insurance is cover for a breach of a restrictive covenant, known or unknown. Typically, this is taken out by the vendor to protect the new buyer of the property against any party who has the ability to enforce these covenants.

Restrictive covenant indemnity insurance is cover for a breach of a restrictive covenant, known or unknown. Typically, this is taken out by the vendor to protect the new buyer of the property against any party who has the ability to enforce these covenants.

Affirmative (positive) covenants are legal promises to engage in certain activities or meet certain benchmarks added to a financial contract that an issuer must follow. Restrictive (negative) covenants instead restrict a company or issuer from engaging in certain actions.

Precedents. This is a Precedent clause for inclusion in a transfer of whole (TR1) or transfer of part (TP1) to provide that the transferee shall observe and perform — and indemnify the transferor against any breach of — the matters appearing on the transferor's title (registered or unregistered).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232