What are the various types of restrictive covenants?
Restrictive covenants are a type of legal agreement that limits the use of a property. These agreements are enforced by the court and are generally attached to deeds of properties in North Carolina. Restrictive covenants can be divided into two main categories: private and public. Private restrictive covenants are agreements made between two parties, typically a landowner and a developer. These covenants are meant to control how a piece of property is used and can include a variety of restrictions, from the type of buildings allowed on the property to the size of structures and their construction styles. Private covenants can also dictate usage of the property, such as prohibiting commercial use or requiring permission for certain activities. Public restrictive covenants are enforced by the government. These covenants are usually imposed in order to prevent property from falling into disrepair or to maintain property values within a neighborhood. Examples of public covenants include zoning laws, building codes, and restrictions on how close structures can be placed to each other. Public covenants tend to apply to all the properties within an area, rather than just one individual piece of property. Restrictive covenants are an important legal tool for property owners and developers in North Carolina. They serve to limit the impact that a specific property or development has on its surrounding area while also protecting the rights of owners when it comes to their property use.
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