If you are in the market for a real estate property, ensure you don't close any deal before researching the deed restrictions (restrictive covenants). Otherwise, you might buy your property only to find that you can't use it as you had intended.
Deed Restrictions Explained
Deed restrictions are legally-binding regulations that determine how a piece of real estate can be used and the nature of properties one can construct on a piece of land. Developers or homeowners typically come up with these deed restrictions that, in addition to community zoning regulations, help them maintain certain standards in the neighborhood.
Here are a few features of deed restrictions to help you understand them better:
Deed restrictions can greatly limit your use of real estate property. Below are some of the common restrictions you might meet:
The above are just a few examples of restrictions; there is a multitude of other restrictions that can be attached to a property.
Changing Deed Restrictions
If you are feeling particularly restricted by some deed restrictions, you may be able to have them changed or revoked. For example, some local governments allow you to change deed restrictions if you can get permission from your neighbors. Some deed restrictions also come with expiry dates, and you don't have to adhere to the restrictions if the deadline has expired. A local judge can also help you revoke a restriction if it is unfair, illegal, or vague.
Don't just go against deed restrictions of your own accord; doing that can easily land you in legal problems. Consult a real estate attorney if you are having problems with deed restrictions. The lawyer can use their skill and experience to help you figure out the best way to deal with the restrictions.
Share11 February 2020
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