These are obligations imposed in the deeds on the owner of freehold property.
Documents that impose limitations on the use and enjoyment of property. Covenants are “private” controls on land use. Through the use of such restrictions, developers are able to assure prospective purchasers of residential property that other lots in the community will be similarly limited in use. While covenants impose a burden on the ownership of the property, they also provide the benefit of enhancing the value of the land. Although land may be subject to “public” controls such as zoning regulations, not all land is subject to “private” restrictive covenants. The covenant passes with the title in perpetuity.
Restriction placed on a private owner's use of land by a nongovernmental entity or individual.
restrictive covenants place restrictions on the use of the land. Most restrictive covenants 'run with the land', which means that it is binding on all subsequent purchasers. Depending on the nature of the restrictive covenant, it can either enhance or negatively affect the value of the land. Most newly developed areas have architectural restrictive covenants to ensure the integrity of the area.
Limitations placed on the use of real property, usually by the developer of the property.
Restrictive covenants are deed restrictions that apply to a group of homes or lots in a specific development or 'subdivision.' They are normally drafted and put in place by the original developer, and are different for every area of homes.
or restrictions pertaining to the property being purchased. Define the use of the property and itemize the protections made for the benefit of all owners in a subdivision.
Private restrictions limiting the use of real property. Restrictive covenants may bind all subsequent purchasers of the land or may be binding only between the original seller and buyer. Restrictive covenants may affect the property's value and marketability of title. Restrictive covenants are used for many purposes and may limit the use of the property, regulate size, style or price range of buildings to be erected, or prevent particular businesses from operating or activities occurring. Covenants are widely used today because of the proliferation of privately planned communities which use them as a tool to control and guide future development.
Private restrictions limiting the use of real property. Restrictive covenants are created by deed and may "run with the land," binding all subsequent purchasers of the land, or may be "personal" and binding only between the original seller and buyer. The determination whether a covenant runs with the land or is personal is governed by the language of the covenant, the intent of the parties, and the law in the State where the land is situated. Restrictive covenants that run with the land are encumbrances and may affect the value and marketability of title. Restrictive covenants may limit the density of buildings per acre, regulate size, style or price range of buildings to be erected, or prevent particular businesses from operating or minority groups from owning or occupying homes in a given area. (This latter discriminatory covenant is unconstitutional and has been declared unenforceable by the U.S. Supreme Court.) Select Another Letter
Restrictions placed on the use of land written into the deeds.
A clause in a deed that limits the way the real estate ownership can be used. (See covenants, conditions & restrictions, deed restrictions)
Provisions included in a deed which limits the grantee in the use of the conveyed property. Most of these type covenants expire at a date certain, are binding on all subsequent grantees, and are most frequently created by a developer in a development project to protect the quality of the development.
Private restrictions limiting the use of real property. Restrictive covenants are created by deed and may "run with the land," binding all subsequent purchasers of the land, or may be "personal" and binding only between the original seller and buyer. Restrictive Covenants are usually time limited. They are also not enforceable if they violate any Fair Housing laws.
Limiting future use of the property through conditions or restrictions.
Restrictive Covenants are agreements of record which limit the owner's possible uses of a particular piece of property. For example, there may be a prior agreement of record which states a property can only be used as a single family residence. These restrictive covenants generally " runs with the land" and are binding on every subsequent owner of the property. If the covenant is ever violated, then the one who originally placed the restriction has a " right of reversion" to the property, meaning they can make a claim to get title to the property back. Restrictive covenants were in existence well before zoning and planning regulations and were primarily used as a means of land use.
Obligations imposed on the owner of freehold property in the deeds. To prevent certain actions such as opening a business or adding to the buildings.