Legal Definitions - joint covenant

Definition: A covenant that binds two or more covenantors together.

Example: Two neighbors agree to maintain a shared fence between their properties. They both sign a joint covenant stating that they will split the cost of repairs and upkeep for the fence.

Explanation: In this example, the joint covenant binds both neighbors together in their obligation to maintain the fence. They are both responsible for upholding the terms of the covenant, and if one neighbor fails to do so, the other can hold them accountable. This type of covenant is often used in situations where multiple parties have a shared interest or responsibility in a property or asset.