Commercial Leases · glossary

Covenant

A promise in a lease. An absolute covenant is a promise never to do something, and a qualified covenant is a promise not to do it without consent. A broken covenant gives a claim for damages, while a missed condition, such as those on the break, makes the clause fail. Chapter 8 · Chapter 9 · see Repairing covenant, Quiet enjoyment

Explained in Chapter 8, Assignment and Underletting, of Commercial Leases.

How it comes up, in Chapter 6
A repairing covenant is the tenant's promise to keep what it rents in good repair. The promise names a standard, not a starting point. So if the premises are below that standard on the first day, the tenant must bring them up to it at its own cost.
Read Chapter 6, Repair and the Schedule of Condition →

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Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Commercial Leases → · All terms A–Z →