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Here we will update you on our thoughts about developments in the property world that we think are important to our customers and industry.

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Restrictive Covenants

Posted by Property Formula on Fri, 31 Aug 2012

This week I would talk about Restrictive Covenants. These have many definitions, mine is:

A clause in a deed that limits what the owner of the property can do. Restrictive covenants allow neighbouring property owners, who have similar covenants in their deeds, to enforce the terms of the covenants. They are intended to enhance property values by controlling development.

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