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Positive Covenant Agreement

Document Type: DOCX

Number of Pages: 4

Price: KES 150
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Summary

A Positive Covenant Agreement is a binding legal instrument “running with the land” by which the owner of one parcel (the Burdened Land) undertakes to do certain things for the benefit of another parcel (the Benefited Land).

Key Components:
1. Parties
2. Recitals / Background
3. Legal Description of Land
4. Definitions
5. Positive Covenants
6. Benefit and Burden
7. Duration
8. Enforcement & Remedies
9. Registration Clause
10. Governing Law
11. Execution Formalities

Purpose:
1. Secure Essential Works.
2. Protect Value and Amenity.
3. Allocate Ongoing Costs.
4. Enable Planned Developments.

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Disclaimer: This document is not to be taken as legal advise.

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