In South Dakota, a deed restriction (restrictive covenant) is typically used to:
Correct Answer
B) Limit how the property may be used
Deed restrictions are private agreements that limit how property may be used. They are placed in the deed by the developer or grantor and run with the land, binding all future owners. Examples include minimum home size, architectural style, and prohibited uses.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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