Restrictive covenants can be placed on a property by a lender or an owner, and can be written into a property's deed for a certain number of years or indefinitely. Examples of restrictive covenants in commercial real estate include business use and operating hour restrictions, a requirement to keep the property in good repair for the duration of the loan, and a specific occupancy requirement for the property for the loan's duration.
Business use restrictions may include not permitting certain, specific types of businesses from opening on a property (such as alcohol or tobacco stores). Operating hour restrictions may include prohibiting businesses from being opened before or after certain hours (ex. 8am to 10pm).