What does survival of covenants mean?

The concept of "survival of covenants" refers to the continued effectiveness and enforceability of certain covenants and agreements even after the occurrence of a specified event, such as the sale or transfer of ownership of an asset or property, or the termination or expiration of a contract.

In real estate transactions, for instance, survival of covenants often pertains to restrictions, easements, or other obligations that remain in effect after the transfer of ownership. These covenants may include zoning regulations, homeowners association (HOA) rules, or specific development guidelines.

The purpose of survival of covenants is to ensure that certain obligations or restrictions continue to apply to the property or asset, irrespective of any changes in ownership. This can help preserve the integrity and value of the property, protect the rights and interests of other stakeholders, and maintain the uniformity and consistency of regulations within a particular area or community.

Survival of covenants is often stipulated in contracts, deeds, or other legal documents related to the transfer of property. It is important to review and understand these provisions to ensure compliance with all relevant obligations and avoid any potential legal issues or disputes in the future.