Which of the following defines a 'covenant' in property management?

A covenant in property management refers to a written agreement that stipulates certain conditions or restrictions regarding the use of a property. This legal tool is often included in property deeds or development agreements and can dictate aspects such as how a property may be used, what modifications can be made, or even maintenance requirements. By outlining these expectations, covenants help to preserve the character and value of the property or community, ensuring that all property owners adhere to similar rules and standards.

The other options do not correctly define a covenant. Public notices regarding pending lawsuits relate to legal proceedings and do not pertain to property usage agreements. An act of property seizure involves government intervention, typically for unpaid taxes or breaches of the law, which does not connect to the concept of a covenant. Lastly, a legal title transfer method is related to how property ownership is legally conveyed, rather than conditions tied to property use or characteristics. Thus, a covenant specifically centers on the agreements between parties regarding property management and use.