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The covenant may be negative or affirmative. A negative covenant is one in which property owners are unable to perform a specific activity, such as block a scenic view. An affirmative covenant is one in which property owners must actively perform a specific activity, such as keeping the lawn tidy or paying homeowner's association dues for the ...
Key elements of this type of Hittite international covenant treaty included a preamble identifying the king, a historical prologue that detail the monarch's deeds, the stipulated obligations of the vassal state, where the covenant would be stored, as well as an outline of the blessings if the document is obeyed and curses if the terms were broken.
Negative covenants may be continuous or incurrence-based. Violations of negative covenants are rare compared to violations of affirmative covenants. With most debt (including corporate debt, mortgages and bank loans) a covenant is included in the debt contract which states that the total amount owed becomes immediately payable on the first ...
Be a breach of a covenant imposed by a landlord against a tenant at the time of the original lease, which is known as having "vertical privity". In this type of privity, the covenants may be positive or negative and, unless very inequitable, are generally held to be binding.
An equitable servitude is a term used in the law of real property to describe a nonpossessory interest in land that operates much like a covenant running with the land. [1] In England and Wales the term is defunct and in Scotland it has very long been a sub-type of the Scottish legal version of servitudes, which are what English law calls easements.
'The Rockefeller File' offers a critical look into the lives -- and secrets -- of the controversial family behind the colossal fortune.
A common example of an affirmative covenant that "touches and concerns" the land is a transfer fee payable to a community association. These have routinely been found to touch and concern the burdened land because the affirmative obligation to pay money has a reasonable nexus to a benefit conferred upon the burdened land.
Alex Jones’ control of Infowars has lived on another day, although the long-term future of the site, known for peddling conspiracy theories, has been thrown into doubt after a bankruptcy judge ...