Categories of tenant's covenant Flashcards
(4 cards)
1
Q
what are the categories of T’s covenant?
A
o Absolute
o Qualified
o Fully qualified
2
Q
explain absolute covenants
A
the action is prohibited
LL may allow one off but has complete discretion.
3
Q
explain qualified covenants
A
can carry out with LL’s consent
LL & T can pre-agree conditions for consent
4
Q
explain fully qualified covenants
A
carry out with LL’s consent + LL cannot unreasonably withhold consent
LL & T can pre-agree conditions for consent