A 'declaration of covenants, conditions, and restrictions' (CC&Rs) in a NC planned community is recorded to:
Why Establish privately enforceable land use restrictions that run with the land and bind all current and future owners Is Correct
Answer B: Establish privately enforceable land use restrictions that run with the land and bind all current and future owners
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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