A Restrictive Covenant is a contract or an agreement between a buyer and seller, or leasee or leasor, which attaches conditions to any land being sold or leased.
Examples of restrictive covenants are:
- Residential land not permitted to be used for commercial purposes.
- The colour of a house not permitted to be different from the one designed for the scheme in which it is located.
- Only flats are allowed.
- Using a land for specific purposes such as for a church or school only.
- No pets allowed.