Over the past 11 years, I have had both buyers and sellers question restrictive covenants and who they protect, or punish, depending on the violation. It seems in our Cedar Rapids market that the condo association bylaws with their restrictive covenants have more "teeth" in them to enforce. But in a normal neighborhood of single family homes with NO homeowner association, it seems that restrictive covenants may be much more difficult to enforce. Especially if the development is completed and the builder or developer is no longer readily available.
For … (3 comments)
restrictive covenants: FAQ #8 for Buyers: What are Restrictive Covenants?
- 01/12/11 01:48 AM
This is a question that typically comes up as we are searching for homes. Sometimes it is discussed in the initial home buyer consultation particularly if there is a need for the ability to store a boat, camper, or trailer on the property, if they need to have fencing, or if they have a number of pets. What are Restrictive Covenants? Restrictive Covenants are the rules associated with the development and use of the property. These are recorded at the time that the subdivision plat is approved. Some things that are addressed in restrictive covenants: The minimum size of the … (12 comments)
Whether you are relocating from another state or you are moving within the market area, there is always some adjustments to be made! My focus is on the well-being and safety of your family. A house is very important, but making the Cedar Rapids area your home takes a little more effort. My clients call me long after the closing for advice on a veternarian for their new puppy or the best daycares in the area. Meeting new people is always fun for me and I love my job! Call me if you would like to know what your home is worth in the current market or if you think that you might want to move up to another home somewhere else. We will miss you, but I will happy to get you on your way to your next adventure as quickly as possible!
What are Restrictive Covenants and Who Do They Protect?
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