Who owns the covenant on a property?

The original landowner (beneficiary/covenantee) will own and enforce the covenant on the property. This could be a private individual or in some cases, a trust or company that owns the covenant.

Is a covenant on a property legally binding?

Yes, you are legally obligated to follow the covenant on a property and can have legal action against you if you break one.

How long does a covenant last on a property?

Usually, a covenant is indefinite and has no expiration. However, it is possible for someone to place a covenant with a set expiration date. This information would have to be included in the deed, so check with your conveyancer.