Understanding Restrictive Covenants in Real Estate

Coregeomatics21 Dec, 2024Business

When purchasing a property, it’s crucial to fully understand all the elements that may affect how you can use and develop the land. One often-overlooked aspect is restrictive covenants. These legal agreements, which are tied to the land, can impose specific restrictions on property use or development. While they can protect the interests of neighboring properties and communities, they may also limit your rights as a property owner. Here's a closer look at restrictive covenants and how they impact property owners.