Property Ownership
What is a restrictive covenant and how is it enforced in Nevada?
AA government zoning regulation
BA private deed restriction limiting use; enforced by neighboring property owners through injunctive relief or damages✓ Correct
CA court order restricting a party from selling property
DA lender requirement preventing property transfer
Explanation
Restrictive covenants are private limitations on land use (often found in deeds and CC&Rs) that run with the land. In Nevada, they are enforced by property owners who benefit from the covenant through civil lawsuits seeking injunctive relief or damages.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
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