Land covenants in Auckland and their effect on urban development
Source:Auckland Council Research and Evaluation Unit, RIMU
Topics:Capacity for growth, Infrastructure, Land use
A covenant is a contract or promise between parties that binds them to obligations in a contract for a fixed period of time, or in perpetuity. Covenants ‘run with the land’, meaning they bind owners of the land to a covenant’s condition. In recent decades they have become a common method for developers to control how future owners of land develop and maintain land in New Zealand (Quality Planning, 2013; New Zealand Productivity Commission, 2015).