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MRT 1 · Property Restrictions
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Property Restrictions

Difference between restrictive and positive covenants, that restrictive covenants bind future owners, and covenant indemnity insurance.

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Property Restrictions

Covenants are legally binding obligations written into the title to a property. They can restrict or require certain actions.

Question 3

True or false?

Covenants are legally binding obligations written into the title to a property

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Key points

Question 5

Which term matches: "Prevents the owner from doing something (e.g. no commercial use, no"

Question 6

What does "Positive covenant" mean?

Question 7

Type the term that means: "Prevents the owner from doing something (e.g. no commercial use, no"

Question 8

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 9

Fill in the blank

______ — Can result in injunction, damages, or enforcement by beneficiary

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What the exam tests

Difference between restrictive and positive covenants, that restrictive covenants bind future owners, and covenant indemnity insurance.

Question 11

True or false?

Difference between restrictive and positive covenants, that restrictive covenants bind future owners, and covenant indemnity insurance