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United Kingdom
United Kingdom
Key definition
Covenant definition What does Covenant mean? A covenant is a binding promise in a contract or deed that imposes an obligation or restriction. In UK and Irish practice the term is used across contexts rather than being defined by statute; its content and enforceability derive from the instrument and case law. Debt capital markets: bond covenants are undertakings in the terms and trust deed that protect bondholders, typically including negative pledge, restrictions on disposals, distributions or incurring debt, information undertakings and financial covenants (maintenance or incurrence). Breach usually constitutes an event of default, with enforcement by the trustee on behalf of holders. Pensions: the employer covenant means...
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Covenants for title under LP(MP)A 1994: full, limited and no title guarantee, and common amendments (England and Wales)
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Practice notes
Covenants for title
Where a property is disposed of (by conveyance, transfer or charge), the disponor will in most cases give a title guarantee, which carries with it the usual covenants for title. Although a landlord can give a title guarantee on the grant of a lease, in practice this happens infrequently. For this Practice Note, we describe the parties as the seller and the buyer, and call the instrument that effects the disposition the transfer. Covenants for title operate as warranties; they are contained in sections 1–13 of the Law of Property (Miscellaneous Provisions) Act 1994 (LP(MP)A 1994) and they apply to transactions of both freehold and leasehold land. Despite often being treated as boilerplate, it remains essential that both buyer and seller understand the impact of title guarantees and the implied covenants, the ways they apply in various circumstances, and what alterations ought to be made to them. A seller will typically sell with either ‘full title guarantee’ or ‘limited title guarantee’, or with the Welsh forms, gyda gwarant teitl llawn and gyda gwarant teitl cyfyngedig (the key words). If those key words appear in the transfer, the statutory covenants for title are brought into the transfer automatically...
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Web page updated on 21/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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