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What is a deed restriction?
Structures and installations: A deed restriction might regulate what additional structures you can add to the property, such as garages or garden sheds, and in which locations. They might also impact amenities like pools, gazebos, basketball hoops or hot tubs. Property use: Certain activities and businesses are often barred via deed restriction.What are the different types of deed restrictions?
There are different types of deed restrictions but the most common is known as a restrictive covenant. Deed restrictions are often used to protect the value of neighboring properties by limiting the types of activities that can take place on the restricted property.Who creates a deed restriction?
It is created by either the original property owner or a governing authority. Let us learn more about the important aspects of a deed restriction below. Deed restrictions are implemented for several reasons, which can vary depending on the specific circumstances and objectives of the property owners or governing authorities involved.Do I need to pay for a deed restriction?
No Upfront Payment Required, Pay Only If You Hire. Need help with a Purchase Agreement? A deed restriction is a legal provision that is placed on a property deed to limit or regulate certain aspects of its uses and development based on a few rules. It is created by either the original property owner or a governing authority.