A Protective Covenant For Indemnity In Tarrant

State:
Multi-State
County:
Tarrant
Control #:
US-00405BG
Format:
Word; 
Rich Text
Instant download

Description

In a deed, a grantee may agree to do something or refrain from doing certain acts. This agreement will become a binding contract between the grantor and the grantee. An example would be an agreement to maintain fences on the property or that the property will only be used for residential purposes. This kind of covenant is binding, not only between the grantor and the grantee, but also runs with the land. This means that anyone acquiring the land from the grantee is also bound by the covenant of the grantee. A covenant that provides that the grantee will refrain from certain conduct is called a restrictive or protective covenant. For example, there may be a covenant that no mobile home shall be placed on the property.



A restrictive or protective covenant may limit the kind of structure that can be placed on the property and may also restrict the use that can be made of the land. For example, when a tract of land is developed for individual lots and homes to be built, it is common to use the same restrictive covenants in all of the deeds in order to cause uniform restrictions and patterns on the property. For example, the developer may provide that no home may be built under a certain number of square feet. Any person acquiring a lot within the tract will be bound by the restrictions if they are placed in the deed or a prior recorded deed. Also, these restrictive covenants may be placed in a document at the outset of the development entitled "Restrictive Covenants," and list all the restrictive covenants that will apply to the tracts of land being developed. Any subsequent deed can then refer back to the book and page number where these restrictive covenants are recorded. Any person owning one of the lots in the tract may bring suit against another lot owner to enforce the restrictive covenants. However, restrictive covenants may be abandoned or not enforceable by estoppel if the restrictive covenants are violated openly for a sufficient period of time in order for a Court to declare that the restriction has been abandoned.



The following form shows one way in which Restrictive or Protective Covenants may be amended.
Free preview
  • Preview Amendment to Protective Covenant
  • Preview Amendment to Protective Covenant

Form popularity

FAQ

What Is an Indemnification Clause? An indemnification clause is a legally binding agreement between two parties specifying that one party (the indemnifying party) will compensate the other party (the indemnified party) for any losses or damages that may arise from a particular event or circumstance.

Landlord indemnification is a contractual provision where the tenant agrees to protect the landlord from various types of financial loss or legal liability. This typically includes covering costs related to property damage, personal injury claims, or breaches of the lease agreement by the tenant.

In the UK, indemnity covenants are agreements between two parties in which one party, the indemnifier, agrees to compensate the other party, the indemnified party, for any losses or damages that may occur as a result of a specific event or occurrence.

It protects the purchaser from a reduction in value as a result of the potential issue. The purchaser's solicitor will examine the documents, deeds and carry out searches on your property; they may also raise enquiries and ask for further information to be provided.

An indemnity insurance policy covers a legal defect with the property that either can't be resolved or would be very costly and/or time consuming to do so. So, instead of trying to fix the problem, you simply take out the insurance to protect you against an expensive bill in the future.

The Hirer shall fully and completely indemnify the Contractor in respect of all claims by any person or party whatsoever for injury to any person or persons and/or property caused by or in connection with or arising out of the use of the plant and in respect of all costs and charges in connection therewith whether ...

Civil Harassment Restraining Orders These specific restraining orders are typically the most common restraining orders filed, and they are applicable when there is no intimate relationship between the parties involved.

Temporary ex parte protective order; Final (permanent) protective order; and. Magistrate's order of emergency protection (what most people call an emergency protective order).

Requirements for a protective order for domestic violence to be issued include establishing that family violence has occurred and is likely to occur again without such an order. The burden of proof for this involves what's known as a “preponderance of evidence” favoring the accuser.

A protective order is only available for people who have experienced dating or family violence and it can lead to criminal penalties (the Respondent/violator can be arrested) if violated. A restraining order can be ordered by a court for many different types of situations and only has civil penalties if violated.

Trusted and secure by over 3 million people of the world’s leading companies

A Protective Covenant For Indemnity In Tarrant