Property Ownership
A deed restriction that prohibits commercial use of a property is an example of a:
AEasement
BLien
CCovenant or restrictive covenant✓ Correct
DLicense
Explanation
A deed restriction or restrictive covenant limits how a property may be used. These run with the land and bind future owners.
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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).
EasementA non-possessory right to use another person's land for a specific purpose.
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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