A covenant in a lease primarily aims to protect which party's interests?

Study for the Indiana 90-Hour Broker Course Exam. Master key concepts with multiple-choice questions, detailed explanations, and expert tips. Prepare thoroughly for success!

A covenant in a lease serves the purpose of defining the rights and responsibilities of both the lessor and the lessee, thereby protecting the interests of each party. A covenant may include provisions that ensure the property is maintained, outline payment conditions, or specify what happens in the event of a default. By clearly stating these conditions, covenants seek to create a fair and balanced agreement that safeguards the investments, rights, and obligations of both the landlord (lessor) and the tenant (lessee). This shared interest in the clarity of terms and the performance of obligations underscores the importance of covenants in lease agreements, making them essential for a mutually beneficial relationship.

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