a covenant imposing a restriction on the use of land for the purpose of preserving the enjoyment or value of adjoining land
restrictive covenant in American English
US
a provision that restricts the action of a party to an agreement, as any covenant (unenforceable by law) seeking to prevent the sale of real estate to a member of a specified minority group
Examples of 'restrictive covenant' in a sentence
restrictive covenant
In the absence of a restrictive covenant, there is no legal right to a view.
Times, Sunday Times (2016)
Very often these restrictive covenants are on land already being used for something else.
Times, Sunday Times (2008)
This kind of restrictive covenant is fairly common.
Times, Sunday Times (2015)
There are two common ways of dealing with a restrictive covenant.
Times, Sunday Times (2007)
Employers are not free to construct restrictive covenants as they wish.
Times, Sunday Times (2013)
But it is a nudge to relax what is a restrictive covenant.
Times, Sunday Times (2014)
Another problem with restrictive covenants is that they must be monitored and enforced.
Mishkin, Frederic S. Financial Markets, Institutions and Money (1995)
A restrictive covenant means our garden can only be used as such.
Times, Sunday Times (2012)
If an employer wishes to pursue a breach of a restrictive covenant, evidence of financial loss is required to obtain damages.
Times, Sunday Times (2012)
The terms of a restrictive covenant should be reasonable and not be a restraint of trade, otherwise the courts will not enforce them.
Times, Sunday Times (2013)
But other bondholders can do the same thing, so the likely outcome is that not enough resources are devoted to monitoring and enforcing the restrictive covenants.
Mishkin, Frederic S. Financial Markets, Institutions and Money (1995)
First, when you buy the house, you may be able to insure against the potential difficulties that the restrictive covenant will cause.
Times, Sunday Times (2007)
And on two points - the introduction of a competition test and the of restrictive covenants - the effects are likely to be limited.
Times, Sunday Times (2008)
If your house is leased, or there are restrictive covenants, it is possible that the neighbour has a specific right to come on to the yard.