What is the key feature of a covenant in real estate?

A covenant in real estate specifically refers to a written agreement or promise included in a deed or lease that stipulates certain actions or restrictions concerning the property. The primary function of a covenant is to enforce agreements between parties regarding property usage. This can include limitations on how the property is developed, what activities are permitted, and other operational guidelines that must be followed to maintain the integrity or character of a neighborhood or development.

For instance, a residential community may have covenants that enforce the requirement for homeowners to maintain their yards or restrict the types of structures that can be built. By enforcing these agreements, covenants help maintain a certain standard and uniformity, which can enhance property values and community aesthetics. In this context, the correct choice accurately reflects the role of a covenant in real estate transactions and property management.