What is a Deed Restriction?
Deed restrictions are a pivotal part of purchasing property in a neighborhood or subdivision. A deed restriction is a written agreement that restricts and/or limits the activities that may take place on properties in a community.
These restrictions are recorded in the property records of the county in which a property is located, and are private agreements that bind each and every property owner in a subdivision.
The purpose of a deed restriction is to preserve the original and agreed-upon character and aesthetic of a subdivision by agreeing to keep commercial and industrial enterprises out of that community. If you’re an individual with a family, looking to settle down in a residential setting, deeds can be a blessing in disguise. They are instrumental in keeping businesses and trade operations out of your neighborhood.
When a property is turned over to a new owner, the deed restriction binds that new owner as well.
Residents of a given subdivision or living community can obtain a copy of their deed restriction from the Clerk of the county in which they reside. There is often a small fee associated with obtaining a copy of your deed restriction.
Deed restrictions are important for communities looking to uphold the quality and personality of their subdivision. Deeds can be a godsend for families and property owners looking to maintain a certain lifestyle.