To be legally effective, the covenant must be signed, sealed and delivered by the covenantor to the covenantee. |
The covenanted income is regarded as the income of the covenantee and not that of the covenantor. |
If, on the other hand, A had won his case B would then have a good cause of action against his covenantor. |
This means that the covenantee has a choice between suing the owner, or proceeding against the original covenantor. |