Definition of Deed covenant

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TeachMeFinance.com - explain Deed covenant



Deed covenant

The term 'Deed covenant' as it applies to the area of reclamation can be defined as ' A term used in association with the sale of excess lands. In order for an eligible buyer of excess land to receive Reclamation irrigation water on such land, a covenant controlling the sale price of the land must be placed in the deed transferring the land to the buyer'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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