Future Covenant Law and Legal Definition
A future covenant refers to a covenant for future assurances that run with the land. Future covenant operates prospectively. A future covenant is deemed to be breached if and only when the grantee suffers an eviction under a paramount title. The eviction may be actual or constructive. It is not necessary that an actual eviction should occur in order to bring an action for breach of the general warranty of title.
A future covenant is commonly known as covenant of warranty. A warranty to defend is also a future covenant where no lawful or outstanding claims against the property exist. [Mastro v. Kumakichi Corp., 90 Wn. App. 157, 164 (Wash. Ct. App. 1998).].Legal Definition list
Related Legal Terms
- Absolute Covenant
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Breach of Covenant
- Civil Covenant of Solidarity
- Collateral Covenant
- Commodity Futures Contract
- Commodity Futures Trading Commission
- Concurrent Covenants
- Contract for Future Delivery
- Covenant
