Covenant

A land covenant is a registered restriction on how a property can be used or built on — common in newer subdivisions (minimum house size, materials, no relocated homes, single dwelling only).

Covenants protect subdivision character but can kill investment strategies: a "single dwelling only" covenant blocks a minor dwelling; design covenants can rule out affordable builds. They're effectively permanent unless all beneficiaries agree to vary them. Read them before you buy land, not after.

This page is general information, not financial, legal, or tax advice. Rules change — always confirm current settings with official sources and seek independent professional advice.