Clauses preventing Alterations and/or Improvements to Property are clauses that are included in real estate contracts to restrict the ability of the owner of the property to make changes or renovations. These clauses are put in place to protect the rights of the owner and/or the lender, as any alterations or improvements to the property could affect its value. There are two common types of Clauses preventing Alterations and/or Improvements to Property: • No Improvements Without Consent: This clause prevents the owner from making any changes or improvements to the property without the consent of the lender. This clause is important for lenders, as they want to ensure that the property value is not reduced by any changes the owner makes. • No Structural Alterations: This clause prevents the owner from making any structural changes or additions to the property. This clause is important for protecting the value of the property, as any structural changes could reduce its value. These clauses are designed to protect the rights of the owner and/or lender and ensure that any changes to the property do not negatively affect its value.
Clauses preventing Alterations and-or Improvements to Property
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