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In real estate, a restrictive covenant is a rule or condition placed on a property that outlines what homeowners can and cannot do with their land. These covenants are legally binding and often ...
Furthermore, age-restricted communities are often established as deed-restricted communities with Covenants, Conditions, and Restrictions (CC&Rs, which see) or a home owners' association (HOA, which also see), under the developer's control until turned over to the Lot Owners to elect their own HOA board and administer the CC&Rs that govern the ...
In real property law, the term real covenants means that conditions are tied to the ownership or use of land. A "covenant running with the land", meeting tests of wording and circumstances laid down in precedent , imposes duties or restrictions upon the use of that land regardless of the owner.
Private transfer fee covenants are filed in the real property records of the county in which the real property that is to be made subject to the fee is located. The instrument is typically styled "Declaration of Covenant", "Covenants, Conditions and Restrictions", or similar, and is executed by the property owner, known as the "Declarant".
Homeowner associations have the same rights and powers as corporations. Like a corporation, under the North Carolina Planned Community Act, the homeowner association must elect an executive board. Under the bylaws the community members are required to set the number of board members, qualifications, and process by which to amend bylaws among ...
(1) A statement that the instrument is an environmental covenant executed pursuant to the [state's name] Uniform Environmental Covenant Act [and statutory reference] (2) A legally sufficient description of the real property subject to the covenant (3) A description of the activity and use limitations on the real property
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
If the landowner owns everything beneath the ground on his property, he may convey to another party the rights to mineral deposits under the land and other things requiring excavation, such as easements for buried conduits or for water wells. However, such a conveyance requires the recipient to prevent any damage to the surface of the land ...