Asked by Royal Empress on May 10, 2024
Verified
One common type of restrictive covenant restricts the use of property to residential purposes.
Restrictive Covenant
A clause in a contract that limits certain actions or uses of property to protect business interests or property value.
Residential Purposes
The use of property for dwelling or living areas for individuals or families, as opposed to commercial or industrial purposes.
- Understand the implications of restrictive covenants on property use.
Verified Answer
HG
Hillary GuillaumeMay 13, 2024
Final Answer :
True
Explanation :
This type of restrictive covenant is commonly known as a residential use covenant and restricts the use of property to residential purposes only.
Learning Objectives
- Understand the implications of restrictive covenants on property use.
Related questions
To Run with the Land, a Restrictive Covenant Must Essentially ...
Which of the Following Refers to Government Restriction of Property ...
When a Landlord Seizes the Tenant's Property for Failure to ...
Restrictive Covenants Are Strictly Construed Against the Party Asserting Their ...
To Run with the Land, a Restrictive Covenant Must Involve ...