Contracts
A NC buyer who discovers during due diligence that the property has a deed restriction prohibiting commercial use should:
AIgnore it if they plan residential use
BEvaluate whether the restriction affects their intended use and consider whether to proceed✓ Correct
CAutomatically terminate the contract
DReport the restriction to the NCREC
Explanation
Deed restrictions are binding on the buyer. The buyer should carefully evaluate whether the restriction affects their intended use of the property and decide whether to proceed with, renegotiate, or terminate the contract.
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