Saxon Construction is developing a subdivision of single- family homes. The real estate market has taken a down turn and Saxon has negotiated a sale of the final eight lots to Whister who will build a 300-unit apartment complex on the lots. There is a deed restriction for the area that limits construction to single-family dwellings. Saxon amends the deed restriction. Which of the following is correct?

Question

Quizplus · Accepted Answer

Saxon cannot unilaterally amend the deed restrictions if they were part of the original agreement and apply to the entire subdivision. Deed restrictions are typically binding agreements that require consent from all parties involved or affected.

Saxon Construction Is Developing a Subdivision of Single- Family Homes