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In property law, land-related covenants are called "real covenants", " covenants, conditions and restrictions " (CCRs) or "deed restrictions" and are a major form of covenant, typically imposing restrictions on how the land may be used (negative covenants) or requiring a certain continuing action (affirmative covenant).
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
A month after the judge ruled in favor of developers in the lawsuit over deed restrictions, University Heights neighbors, who filed the suit in 2022, are asking for the decision to be reconsidered ...
While Houston has no official zoning ordinances, many private properties have legal covenants or "deed restrictions" that limit the future uses of land, with effects similar to those of zoning systems. [58] [60] Also, the city has enacted development regulations that specify how lots are subdivided, standard setbacks, and parking requirements. [61]
A deed in lieu is generally a last resort by a homeowner to avoid foreclosure. ... meaning it may help the homeowner avoid some embarrassment and some costs associated with foreclosures.
Apr. 17—TRAVERSE CITY — Deed restrictions that are good for 99 years could be a way to increase year-round housing in a community by preventing them from becoming short-term rentals. With a ...
However, many age-restricted communities have circumvented this issue by allowing the survivor to maintain residency as noted in the deed restrictions. [citation needed] Another common problem arises when a change in the family situation renders a grandparent responsible for a grandchild.
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