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Common Covenants
Agreements or promises included in deeds or leases to undertake or refrain from doing something, often pertaining to land use and shared property.
Principal Remedies
Refers to the main legal means through which a breach of contract or harm can be addressed, typically including damages, specific performance, and rescission.
Mortgagor
The borrower in a mortgage agreement, who pledges property to a lender as security for the loan being taken.
Mortgagee
The lender in a mortgage agreement, typically a bank or financial institution, that holds the property as security for the repayment of the loan.
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