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PROTECTIVE COVENANTS Residential use only MILLCROFT SUBDIVISION Village of Lansing, Tompkins County, New York Millcroft Trust, Developer These restrictions shall apply to the area situated in the.

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A covenant on a piece of land attached to a property is essentially a rule, or set of rules, about what you can and cannot do as the owner. If you purchase the property with an existing covenant, it means you have agreed to abide by the rules.

Protective covenants are part of an agreement that limits certain financial transactions to be made by the company. The main aim of protective covenants is to protect the interest of the lender. The covenants can be negative as well as positive covenants.

A part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests.

Yes, restrictive covenants are likely to devalue a property. This is because restrictive covenants aren't attractive and are less appealing to potential buyers, as they could potentially cause issues down the line for prospective buyers and limit their options.

A property covenant is an agreement between two or more parties regarding certain use of a piece of real property. The covenant will either benefit or burden the landowner. A covenant that burdens the landowner is also called a restrictive covenant.

More precisely, such an agreement can regulate the number of residents or tenants. Secondly, it impedes specific actions against the greater good. For instance, a covenant can prohibit late-night parties and make a pet owner's life difficult by restricting keeping pets at home.

Although they are generally referred to collectively as restrictive, or restrictive and protective, covenants, there are two types of such covenants: (i) restrictions on the use of the property, and (ii) affirmative obligations imposed on the owner of the properties.

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© Copyright 1997-2025
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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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