Environmental Covenants-- FAQ

What is an Environmental Covenant?: Environmental covenants are legal recorded documents that can restrict certain uses of the property such as: drilling a water supply well on the property; disturbing pavement covering contaminated areas; restricting where a building can be erected, and restrictions on future landuse (i.e., prohibiting residential use, day care facilities, schools, or senior centers).
Why is this information important?: Failure to research environmental covenants on the property prior to its purchase means that the buyer is willing to accept the property "as is". For the unwary buyer, this means restricted use of the property.