Which of the following best describes deed restrictions (restrictive covenants)?
Correct Answer
B) They are private limitations on land use that run with the land
Deed restrictions, also called restrictive covenants, are private limitations placed on the use of real property by a grantor. They run with the land, meaning they bind future owners as well. Unlike zoning, they are privately created and enforced, typically by neighboring property owners or a homeowners association, not by the government.
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Related Topics & Key Terms
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Related Concepts
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
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.
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