leasehold covenants

Leasehold covenants are legally binding promises within a lease agreement that outline the responsibilities and restrictions for both the landlord and tenant. They specify conditions such as paying rent on time, maintaining the property, and not causing damage or disturbances. These covenants protect the rights of both parties, ensuring the property is used appropriately and maintained properly during the lease term. Breaching these promises can lead to penalties or even eviction. Essentially, they are the rules that govern the relationship between the landlord and tenant throughout the lease period.