deed restriction


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deed restriction

A provision placed in a deed restricting or limiting the use of the property in some manner. It may include subdivision or similar restrictions common to many properties in the neighborhood, or it may be something personal to the grantor such as a requirement that the purchaser resell to the seller before offering to anyone else.

References in periodicals archive ?
who sought to enforce an eighty-year-old deed restriction barring the
The next survey question specifically asked if the owner would purchase property with a deed restriction that was copied directly from the NFR letter, the actual language of record.
If a landowner does not accept a deed restriction, Amoco "would have to do active remediation," said Burlingham.
Other models, such as deed restriction, attempt to place limits on the owners' equity while using a system of title that gives the buyer full ownership.
However, a deed restriction required that a non-profit purchase the estate--owned by the Open Space Institute--which is listed in the National Register of Historic Places.
In the real estate area, he has represented purchasers and sellers of commercial and residential properties including office buildings, apartment complexes and shopping centers; developers of commercial and residential properties; lenders and borrowers in loan workouts and foreclosures; landlords and tenants in commercial, residential and ground leases; and community associations in connection with the creation and amendment of deed restrictions, deed restriction enforcement, and general corporate matters.
In one case the state told a landowner who wanted to build his retirement home on a half-acre of his 18 acres that in return for a permit he would have to record a deed restriction prohibiting the development of any more land.
DGS will sell the property "as is" and is requiring a profit participation as a deed restriction in the event that any portion of the property is ever developed or used for anything other than its current use as a fair and event center.
WESTBORO -- The town is making another attempt to sell the Nathan Fisher House on Oak Street, this time with the historic deed restriction removed.
The district's opinion of the highest and best use was mixed single-family and multifamily and ignored the deed restriction.
The donation includes a deed restriction that the timber on the land will not be commercially harvested, preserving the land for water production, water supply and conservation.
The primary issue in both phases of the trial was whether the developer agreed to the "no basement" deed restriction on which the seller's suit was based.