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5 Cards in this Set

  • Front
  • Back

Covenant

Are promises or guarantees, either express or implied in a deed or other document

Restrictive covenants

Binding promises concerning the use of real property

Marketing title act

A restrictive title covenant that was created before the current owners root of title (documents going back 40 years from the current title) will be extinguished unless it is preserved.

CC&R's

Declaration of covenants, conditions, and restrictions -- is to keep the subdivision attractive and protect the market value of homes

Conditions

Provisions in a deed (or other documents) that make the parties rights and obligations depend on the occurrence (or non-occurence) of a particular event.