Ch 17.1 Flashcards
T/F: Private restrictions generally run with the land
True
“run with the land” = lasts ___
Indefinitely
T/F: All future owners of property with restrictions which “run with the land” have to comply with the restriction, and all future owners of the properties that benefit from the restriction will have the right to enforce them
True
Most private restrictions are created before a property is sold because the ___ (usually the ____ of a subdivision) wants to limit how the property is used in the future.
Seller
Developer
The 3 ways restrictions are included:
1)
2)
3)
1) deed;
2) declaration; or
3) contract
A deed is typically used to create private restrictions when ___ property(ies) (the property/properties being transferred) will be burdened by the restrictions.
A) only 1
B) 2
C) 4 or less
A) only 1
T/F: deeds are used for restrictions affecting a single property
True
The property affected by a deed’s restrictions is the property being ____
Transferred
A restriction imposed in a deed is either a ___ or, much more rarely, a ___
Covenant
Condition
T he grantee’s title is at stake if the restriction is a ____.
Condition
A ____ in a deed creates a fee simple defeasible
Condition
Fee simple defeasible =
the ownership is dependent on specific conditions.
If the grantee violates the condition, her title can be terminated by the ___.
Grantor
A condition makes the ___ subject to termination (forfeiture)
Title
A promise to do - or refrain from doing - something
Covenant