Lesson_17 - Printable Lesson Materials Print these...

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Printable Lesson Materials 13218 NE 20th Street Bellevue, WA 98005 425-747-7272 800-221-9347 www.rockwellinstitute.com Print these materials as a study guide This portion of your printable materials consists of dozens of frames that summarize the content in this lesson. The frames are arranged on the page to make it easy for you to study the material and add your own notes from your textbook or the online course. Graphic Summaries Many students learn best from sets of questions, and this multiple choice quiz allows you to focus your review of the material to important topics. Quizzes These printable materials allow you to study away from your computer, which many students find beneficial. These materials consist of two parts: graphic summaries of the content and a multiple choice quiz . © 2009 Rockwell Institute
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1 California Real Estate Law © Copyright 2007 Rockwel Publishing, Inc. Lesson 17: Private and Public Restrictions on Land © Copyright 2007 Rockwel Publishing, Inc. Introduction This lesson will discuss: l private restrictions on land use l public restrictions on land use © Copyright 2007 Rockwel Publishing, Inc. Private Restrictions on Land Use Private restrictions also known as restrictive covenants. Restrictive covenant : land use limitation imposed on property by a private party (as opposed to a government agency)
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2 © Copyright 2007 Rockwel Publishing, Inc. Private Restrictions on Land Use Private restrictions often used to: l limit property to residential use l prevent property from being subdivided into small lots l prohibit the planting of certain types of trees l require certain types of fencing or shrubbery l set maintenance standards © Copyright 2007 Rockwel Publishing, Inc. Private Restrictions on Land Use If certain conditions are met: l private restrictions run with the land l last indefinitely Run with the land : all future owners of the property will have to comply with restrictions © Copyright 2007 Rockwel Publishing, Inc. Private Restrictions on Land Use Estimated: one in six American homeowners subject to private restrictions on their land
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3 © Copyright 2007 Rockwel Publishing, Inc. Private Restrictions on Land Use Private restrictions can be created by: l deed l declaration l contract Creating private restrictions © Copyright 2007 Rockwel Publishing, Inc. Creating Private Restrictions Restrictions affecting single piece of property: l usually created in deed l when ownership changes hands Example: “The property described in this deed to be preserved as undeveloped wilderness.” By deed © Copyright 2007 Rockwel Publishing, Inc. By Deed Restriction imposed in deed may be either: l covenant l condition Covenants vs. conditions
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4 © Copyright 2007 Rockwel Publishing, Inc. By Deed
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Lesson_17 - Printable Lesson Materials Print these...

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