Property Ownership
A Wisconsin buyer purchases a property that has a recorded deed restriction prohibiting commercial use. The buyer later attempts to open a home-based business. The restriction:
AIs unenforceable because it limits economic use
BMay be enforced by other property owners in the restricted area✓ Correct
CAutomatically expires after 20 years
DOnly applies to the original grantor
Explanation
Deed restrictions (restrictive covenants) that run with the land may be enforced by neighboring property owners (in a common scheme) even against subsequent buyers who took title subject to the restriction.
People Also Study
Related Wisconsin Questions
- A Wisconsin buyer purchases a home with a deed restriction prohibiting commercial use. This restriction:Property Ownership
- A Wisconsin deed restriction (restrictive covenant) that limits a property to single-family residential use runs with the land, meaning:Land Use & Zoning
- The most common type of deed used in Wisconsin residential sales that provides the greatest warranty of title is:Escrow & Title
- A Wisconsin buyer's title search reveals a judgment lien against the seller recorded three years ago. At closing, this lien must be:Escrow & Title
- A Wisconsin land contract (contract for deed) transfers legal title to the buyer:Finance
- Which type of Wisconsin deed provides only limited warranty — guaranteeing title only against claims arising during the grantor's period of ownership?Escrow & Title
- A Wisconsin 'covenant running with the land' is enforceable against future owners when it:Property Ownership
- A Wisconsin property sold under an installment land contract (contract for deed). When the buyer completes all payments, the seller conveys title by delivering a:Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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.
Math Concepts
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →