Define: Covenants, Conditions And Restrictions

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Covenants, Conditions And Restrictions
Covenants, Conditions And Restrictions
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Quick Summary of Covenants, Conditions And Restrictions

Covenants are legally binding promises or agreements made between parties, typically found in contracts, leases, or deeds. These agreements outline specific obligations, rights, or restrictions that each party must adhere to. Covenants can cover various aspects, including property use, maintenance, financial obligations, and behaviour. Breaching a covenant may lead to legal consequences, such as financial penalties or enforcement actions. Covenants are essential for defining the rights and responsibilities of parties in legal agreements and ensuring compliance with agreed-upon terms.

What is the dictionary definition of Covenants, Conditions And Restrictions?
Dictionary Definition of Covenants, Conditions And Restrictions
n. commonly called "CC and Rs," these are written rules, limitations and restrictions on use, mutually agreed to by all owners of homes in a subdivision or condominium complex. CC and Rs may limit size and placement of homes, exterior colors, pets, ages of residents, use of barbecues and other conduct to protect the quiet enjoyment of the various residents. CC and Rs are enforced by the homeowners association or by individual owners who can bring lawsuits against violators and are permanent or "run with the land" so future owners are bound to the same rules. Most state laws require that a copy of the CC and Rs be recorded with the County Recorder and be provided to any prospective purchaser.
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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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