Restrictive covenant definitions
| Word backwards | evitcirtser tnanevoc |
|---|---|
| Part of speech | The word "restrictive covenant" is a noun. |
| Syllabic division | re-stric-tive co-ven-ant |
| Plural | The plural of restrictive covenant is restrictive covenants. |
| Total letters | 19 |
| Vogais (4) | e,i,o,a |
| Consonants (6) | r,s,t,c,v,n |
Restrictive Covenant
A restrictive covenant is a legal agreement between a buyer and a seller of a property that restricts the way the buyer can use the property. These restrictions are typically put in place to maintain the value and integrity of the property and the surrounding area.
One common type of restrictive covenant is a restriction on building additional structures on the property. This could include restrictions on building height, size, or even the type of materials that can be used. By limiting the development of the property, restrictive covenants help to preserve the aesthetics and character of the neighborhood.
Enforcing Restrictive Covenants
Restrictive covenants are typically enforced by homeowner associations (HOAs) or other governing bodies in the community. Violating a restrictive covenant can result in legal action being taken against the property owner, including fines or other penalties. It is essential for property owners to carefully review and understand any restrictive covenants before purchasing a property.
While restrictive covenants can sometimes be seen as restrictive or limiting, they play a vital role in protecting property values and maintaining the overall quality of a community. By adhering to these agreements, property owners can help ensure that their investment remains secure and the neighborhood continues to thrive.
Restrictive covenant Examples
- The real estate developer included a restrictive covenant in the contract to prevent future owners from building additional structures on the property.
- The homeowner breached the restrictive covenant by operating a commercial business out of their residential property.
- The restrictive covenant in the neighborhood's homeowners association rules prohibits residents from painting their houses bright colors.
- The developer's restrictive covenant specified that no animals over 20 pounds were allowed in the apartment complex.
- The restrictive covenant prevented the property owner from subdividing the land into smaller parcels.
- The community park's restrictive covenant limited the hours of operation to prevent noise disturbances late at night.
- The restrictive covenant required all residents to keep their yards well-maintained to preserve the neighborhood's appearance.
- The developer's restrictive covenant stated that no businesses could be operated out of the residential units in the complex.
- The restrictive covenant prohibited homeowners from building fences higher than six feet in order to maintain the neighborhood's aesthetic.
- The restrictive covenant mandated that all vehicles parked on the property had to be in working condition and registered.