What is a real estate covenant?

Answer 1

Covenants are usually in place to restrict the use of the property. They are most common in subdivisions and involve things such as "There may be no livestock present on the property." They help to maintain property values in subdivisions, but oftentimes the restrictions can be so detailed as to be onerous. Some even go so far as to specify that all window treatments on the front of the residence must be white or have white backing. They may also disallow more than one dog per household. It is very important to read these details.