Deed of Covenant in United Kingdom

Definition of Deed of Covenant

In accordance with the work A Dictionary of Law, this is a description of Deed of Covenant : A *deed containing an undertaking to pay an agreed amount over an agreed period. Certain tax advantages could be obtained through the use of covenants, particularly in the case of four-year covenants in favour of charities. This was superseded by *gift aid in April 2000.

Deed of covenant in the Context of Mortgages

This is a document which confirms that the buyer of a property will comply with the rules and conditions affecting the property which can be found in the Title Deed or Lease.

Similar Terms

Breach of covenant

Breach of covenant

The failure to obey a legal agreement. Breach of warranty A seller’s inability to pass clear title to a buyer.