Property Ownership
A deed restriction that prohibits commercial use of a residential parcel is an example of a:
AEasement
BRestrictive covenant✓ Correct
CLicense
DLien
Explanation
A restrictive covenant (deed restriction) is a private limitation on the use of property included in a deed. It runs with the land and binds all future owners.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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