18:41
I think I just wouldn’t reach out and if they ask for them then say that
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
implied reciprocal covenant
Read a random definition: chargeable
A quick definition of implied reciprocal covenant:
An implied reciprocal covenant is a promise that is not explicitly stated, but is assumed to exist between two parties. It is often related to land ownership and implies that one party has made a promise to the other in return for a promise made by the other party. This type of covenant is not written down, but is inferred from the actions and conduct of the parties involved. It is a legal concept that can be difficult to understand, but it is important in determining the rights and obligations of landowners.A more thorough explanation:
An implied reciprocal covenant is a presumption that a promisee has, in return for a promise made respecting land, impliedly made a promise to the promisor respecting other land. This means that if someone promises to do something with their land, the person they made the promise to is also expected to make a promise in return. This promise is not explicitly stated, but is assumed based on the circumstances.
For example, if a developer promises to build a park in a new housing development, it is assumed that the homeowners in the development will also promise to maintain the park and not use it for any other purpose. This is an implied reciprocal covenant.