Escrow & Title
In North Dakota, a 'deed restriction' (restrictive covenant) in a deed:
ACan be enforced only by the government
BIs a private restriction that runs with the land and can be enforced by neighboring property owners✓ Correct
CAutomatically expires after 10 years
DOnly applies to commercial properties
Explanation
Deed restrictions (private restrictive covenants) run with the land and may be enforced by parties with a benefit in the restriction, typically neighboring property owners in the same subdivision. They persist until released or legally terminated.
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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).
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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