This form provides the terms and conditions contained in an assignment shall constitute covenants running with the land, and shall be binding on, and for the benefit of assignor and assignee, and their respective successors and assigns.
Typically, it’s up to the homeowners association or a group of neighbors to keep an eye on things and ensure everyone plays by the rules.
Not all, but many neighborhoods do have them. It’s always a good idea to check upfront, so you know what you’re getting into!
Yes, covenants can be changed, but it's often not a walk in the park. It usually takes a vote from a majority of property owners in the area.
If you break a covenant, it’s not the end of the world! Generally, you’ll get a friendly reminder, and hopefully, you can fix the issue before it becomes a bigger deal.
You can usually find them in your property deed or by checking with your local homeowners association. They’re often like the rules of the road for your community.
They can set some guidelines on what you can and can't do with your property, like restrictions on building fences or adding new structures.
Covenants are like neighborhood rules that everyone agrees to follow. They can help keep the area looking nice and maintain property values.