CCR's: Covenants, Conditions, Restrictions

CCR's: Covenants, Conditions, Restrictions

What does all these CCR's mean?  Here is a lesson in residence and home property rules and regulations.

Do you “own” your home and yard?  Do you reside (live) in a subdivision?

When you purchased your home, did you actually read your restrictive covenants?  In many jurisdictions, these restrictions are called Covenants, Conditions, and Restrictions, or more commonly known as “CCRs”.

I know that your answer is no.  How do I know?  Because the last set of CCRs I just reviewed encompass over 100 pages.  These pages limit and control what you can do with, to and around your own property you thought you owned.  To make matters, worse, the developer did trickily (I just made up that word) call the restrictions a “charter”.  Charter sounds much nicer than restrictions and conditions of ownership.   

Oh hated lawyer??   I want this house, is there anything I can do?  If you want the house, or already own the home, there is likely not much you can do other than to educate yourself.  READ them. Period.  (I know, yuk) [legal term]

If you do not understand how much of an impediment some of these restrictions, impose, please do consult your hated lawyer as you may need to know. Before you plan improvements; before you attempt to sell,  you must know and understand what the restrictions mean. 

Another helpful action may be to become very involved in your subdivision association committees.  There are often officer elected, design review committees elected and so forth.  The more involved you are, the more you can know how to use the restrictions and covenants to your advantage.  Knowledge and action may be the only power sources you can implement.

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