Property Ownership
A homeowner's association (HOA) recorded Declaration of Covenants, Conditions, and Restrictions (CC&Rs) is a:
AGovernment regulation that applies to all properties in a municipality
BPrivate land use restriction that runs with the land and binds all future owners✓ Correct
CVoluntary agreement that can be waived by any individual property owner
DTemporary easement that expires after 20 years
Explanation
CC&Rs are private land use restrictions recorded in the public record that run with the land, binding all current and future owners within the development. They are enforced by the HOA or individual homeowners, not by the government.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
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.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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