Presented By
CPP Investments | Investissements RPC
What is a restrictive covenant? Why do you need to know this definition? The MoneySense Glossary is your resource for learning and understanding financial terms
A restrictive covenant is a statement that is included in a legal agreement between two parties. One party agrees to not do something as defined by the contract. Examples of restrictive covenants include non-competes, non-solicitation and non-disclosure agreements. They can also be used in real estate transactions, such as when a landlord specifies certain limitations on how a rental property can be used, like no smoking or having no pets.
Example: “Make sure you know about any restrictive covenants in a contract before you sign it.”
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Elias Blunden-Stone of The Room Editor shares the pitfalls...
Some government programs are flexible with the definition of...
Doing home renovations? Find out if there are any...
A finance expert addresses capital gains taxes, possible tax...
Do earnings matter in 2022? Will Canada follow the...
Leaving home ain’t cheap. Follow these steps to make...
Alberta is an attractive place to buy a first...
Switching your mortgage can save you money—but be careful...
Satyesh is considering transferring his home to his daughter...
Can you be paid for a role as an...