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restrictive covenant
(redirected from Covenants, conditions, and restrictions)

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
restrictive covenant (ristrik´tiv kuv´nnt),
n common clause found in a contract for the sale of a dental practice. The seller contracts that he or she will not practice dentistry within a certain time and area. A junior partner may be asked to sign such a covenant to guarantee that he or she will not compete with the partnership for a period after leaving the partnership. Also used in an employment situation.


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In neighborhoods where architectural control committees enforce mailbox homogeneity, streetscapes essentially communicate one of two messages: The Smith family is either abiding by the community's covenants, conditions, and restrictions, or it isn't.
If you live in or are about to purchase a home in a community with a homeowners association--designed to provide community, governance, and business services--first, read the governing documents known as bylaws or covenants, conditions, and restrictions.
An unanticipated consequence of MRTA, which apparently was not recognized by its drafters, was its impact on the covenants, conditions, and restrictions of planned developments.
 
 
 
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