Buying Commercial Property · glossary
A promise not to do something on land, made to protect neighbouring land. If it is on the register, it binds every later owner. The 1962 covenant allows Beckside Works to be used only as a printing works, so Fellgate's use breaks it. Contract, Annex 2, entry 2 · Chapter 4 · see Covenant indemnity policy
Explained in Chapter 4, The Covenant, of Buying Commercial Property.
The register of Beckside Works carries a restrictive covenant from 1962: the land may be used only as a printing works. Fellgate is buying the building to assemble electric bicycles, so its use will break the covenant. The covenant binds Fellgate as the next owner, because it is protected on the register. Anyone who holds the benefit of the covenant could go to court to stop the use.Read Chapter 4, The Covenant →
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