Real estate developers often place __________ on subdivisions that obligate the buyers to honor limitations in their use of their property, the nature of buildings that will be maintained or constructed on the land.

Question

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The term "restrictive covenants" refers to contractual agreements between the developer and property owners that regulate how the property can be used or developed. These covenants limit the way a property can be used, the type and size of buildings that can be constructed, the appearance, and maintenance of the property. These agreements are typically recorded with the deed and are binding on all subsequent owners of the property. Nonconforming use restrictions and zoning restrictions are regulatory measures enacted by governments to control land use. A variance covenant is a type of agreement that allows a property owner to deviate from certain zoning or land use regulations.

Real Estate Developers Often Place __________ on Subdivisions That Obligate