A set of restrictions filed by a Subdivision or Condominium developer stating rules to be followed. See Restrictive Covenant.
Example: Points covered by a declaration of restrictions can include:
• minimum house size
• minimum percentage of exterior that must be brick
• prohibition of metal storage sheds
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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