Final answer:
A restrictive covenant is a provision in property deeds or leases that imposes limitations on the use of the property. These covenants historically have regulated property use and can enforce discriminatory practices.
They are legally binding on future owners, ensuring the covenants continue through successive property transactions.
Step-by-step explanation:
A restrictive covenant is a clause in a deed or lease that limits what the owner of the land or lease can do with the property.
Restrictive covenants can dictate various limitations, from the aesthetics and structure of buildings to prohibiting the sale of property to certain groups of people, which historically has included discriminatory practices. Understanding these covenants is crucial for property owners and potential buyers, as they can significantly impact property rights and values.
In the case described, a covenantor (A) enters into a positive covenant with the covenantee (B) and undertakes to ensure that his successor in title (C) also enters into the same covenant with B. In addition, covenantor (A) commits to requiring that C undertakes to impose this same obligation on any subsequent successor.
This mechanism operates as a way to bypass certain rules and ensure that restrictions continue to bind future owners, which is particularly useful in cases where land is unregistered.
The incorporation of a restriction on the registered title serves to prevent any future transactions unless the new owner (C) has agreed to the covenant, thus maintaining the continuity of the restrictions imposed by the original covenant.
Restrictive covenants have had a significant role in the history of property law, influencing not only individual property rights but also broader societal patterns, such as residential segregation.
It is, therefore, important to understand the legal implications and historical context of these covenants in relation to property transactions.