What is the term used to describe an unbreakable obligation in real estate?

The term that describes an unbreakable obligation in real estate is the covenant. A covenant refers to a formal agreement or promise within a deed or lease that restricts or governs the use of the property in certain ways. These obligations are legally enforceable, meaning that parties bound by a covenant must adhere to its terms, regardless of any circumstances that might otherwise lead to an alteration or termination of typical agreements.

In the context of real estate, covenants may include restrictions on the types of structures that can be built on the property, regulations surrounding property use, or requirements to maintain property to a certain standard. Because these obligations are integral to the deed or lease, they create a lasting commitment that remains in effect even if ownership of the property changes hands.

Other options like a contract refer to broader agreements that can be modified or set aside under certain conditions. A lease typically outlines terms for renting property but can often be broken under certain circumstances, such as tenant eviction or agreement between landlord and tenant. A service agreement relates more to specific services provided and is not synonymous with the enduring nature of covenants in property law.