Why do properties have Deed Restrictions?
http://www.zitrof.com/articles/articles/7288/1/Why-do-properties-have-Deed-Restrictions/Page1.html
Real Estate Agent
I have been working as a South Florida Real Estate Agent / Realtor, mainly serving Broward County. I provide some Realty information to assist the Readers. View my website and view my list of Bank Owned Properties in South Florida.By Real Estate Agent
Published on 11/12/2008
Deed restrictions are for your benefit. They establish certain rules that must be followed by
Why do properties have Deed Restrictions?
Deed restrictions are for your benefit. They establish certain rules that must be followed by everyone within a given subdivision. Not only do deed restrictions prohibit parking boats and trailers on a driveway, as an example; they also require that all houses be no less than 2,000 square feet, for two story houses.
Deed restrictions are designed to preserve the character, and hence value, of a neighborhood.
Imagine if you bought a 2 acre lot in expecting property value to increase since the other properties in the area are all luxury homes, and then some purchased the adjacent lot and used it for transient housing?
Deed restrictions are designed to preserve the character, and hence value, of a neighborhood.
Imagine if you bought a 2 acre lot in expecting property value to increase since the other properties in the area are all luxury homes, and then some purchased the adjacent lot and used it for transient housing?