Land Use & ZoningIntermediateDelaware Exam
A restrictive covenant in a deed is different from zoning in that:
ACovenants are imposed by government; zoning is private
BCovenants are private restrictions that run with the land; zoning is government regulationCorrect
CCovenants can be changed by a single property owner
DZoning cannot be changed once established
Why Covenants are private restrictions that run with the land; zoning is government regulation Is Correct
Answer B: Covenants are private restrictions that run with the land; zoning is government regulation
Deed covenants (restrictions) are private agreements that run with the land and bind all future owners. Zoning is a government regulation under police power.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
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