What is a Covenantee?

A covenantee is the party that receives the promise or benefit of a covenant. In other words, it is the party that is entitled to enforce the terms of the covenant.

For example, in a lease agreement, the landlord (covenantor) promises to provide the tenant (covenantee) with possession of the property for a certain period of time, and the tenant promises to pay rent and follow certain rules. In this case, the tenant is the covenantee because they are receiving the benefit of the promise (possession of the property) and have the right to enforce the terms of the lease if the landlord fails to fulfill their obligations.

In general, a covenantee is someone who has a legal right or interest in a property or asset that is protected by a covenant. They may be entitled to receive certain benefits or services as a result of the covenant, and they may also have the right to enforce the terms of the covenant if the other party (the covenantor) fails to fulfill their obligations.

I like this

I dislike this

Report a content error

Share

Report a content error

Thank you! Your form was successfully submitted.

We apologize! Your form could not be submitted. Please try again later.

Submit reports

Share

• 
• 
• 
• 
• 
• 
• 
• 
•