A friend of mine asked me yesterday if I had ever heard of covenants in a subdivision expiring and no longer being valid. Well yes is the short answer. At least here in Montrose Colorado there are subdivisions that were built in the 70's and 80's where the covenants expired 20 or 25 years in the future. Which I am sure back then it seemed like a good idea.

Of course that 20/25 years is now here. Well the covenants in the subdivision my friend lives in is one such instance of them expiring. At the time this subdivision was built it was the premium place to live, and still today there are some very nice homes even though the area has been surpassed by far nicer subdivisions.

So now there are no covenants, not that everyone is going to junk the place up. He was telling me that most of the homeowners want to re-record the covenants with a few updates and changes nothing major however getting 100% to agree is turning out to be a challenge. So beware if you live in an older area look and see if your covenants are going to expire. All covenants these days run forever. www.MontroseHomeConnection.com    

 
This post has been included in Colorado Information Montrose County, CO Information
Post is included in group: Realtors®
Post is included in group: The Lounge at Active Rain
Post is included in group: Colorado Real Estate
Post is included in group: Colorado Realty Bloggers
Post is included in group: Active Rain Block Party

2 Comments on Our Covenants Expired

Alan-- this is really interesting.  Did the covenants actually have a provision or a date to expire? We have some areas where they are not enforced, no association exists, but the covenants are still on record at the County.

07/22/2008 08:18 PM by Elaine Stucy (Stucy Realty Company)

Alan,

I agree...very interesting and something most are unaware of......I will make a few inquiries and get back to you for place around here.

Have a great weekend and thank you for commenting on my blog.

07/26/2008 10:21 AM by Dan Brudnok - Realtor, e-PRO, ABR, CSP - Chester County RE Professional (Keller Williams - Exton - PA License Number #RS225179L )

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Alan Brown (Coldwell Banker)
Alan Brown
Montrose, CO
More about me…
Coldwell Banker

Office Phone: (970) 249-2449
Cell Phone: (970) 209-8436
Email Me
Bringing you knowledge and expertise in the Real Estate Business. Serving the Montrose Area of Colorado.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find CO real estate agents and Montrose real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved