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Real Estate Glossary

What does Breach of Covenant mean?

A Breach of Covenant is a failure to fulfill a promise or commitment that is made in a legal agreement or contract. This can include failure to maintain property, failure to pay taxes, or failure to use property for a specific purpose. A breach of covenant can lead to legal action, and may result in penalties, fines, or termination of the contract.

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Artur
Real Estate Assistant