Covenant- (Defined & Explained)
An agreement, a contract, a written promise between two individuals which constitutes a pledge/promise to do or not to do a certain act.
Covenants are quite common in leases, where the landlord covenants with the tenant to give him the premises/flat/house on rent and the tenant in response covenants to pay the rent on time and keep the property in good condition (basically all conditions settled by both the parties in the covenant).
Under a Covenant, the person who makes the agreement or promise is known as the ‘covenantor’ and the person to whom such promise is made is known as the ‘covenantee’.
There are two major categories of covenants- Covenants for land and covenants for title.
Covenants if validly reached, are enforceable by a Court.
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