A deed restriction in Vermont:
Correct Answer
B) Is a private agreement limiting property use that runs with the land
Deed restrictions are private covenants placed by the grantor or developer that limit how property may be used. They run with the land and bind all future owners.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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