In: Economics
Restrictive covenants are usually incorporated via a homeowners’ association created by the ______________ to improve perceived value and can become unenforceable by ______________ .
A. developers; changing neighborhood characteristics
B. developers; government assessment liens
C. homeowners; expiration
D. homeowners; over-enforcement
In real estate transactions, restrictive covenants are binding legal obligations written into the deed of a property by the seller.
Restrictive covenants are usually incorporated via a homeowners association created by the developers to improve perceived value and can become unenforceable by changing neighborhood characteristics.
Option A is correct here.