A restrictive covenant is something attached to a deed that prevents certain things from happening. At one point these were used to restrict the races moving into neighborhoods, but those have been deemed illegal and no longer valid.
Most covenants today deal with thinks such as maintaining the look and feel of a neighborhood with restrictions on fences, house sizes and even colors. Some even provide for a first right of sale to another organization.
A restrictive covenant can be created in many different documents including the following:
1. A free-standing Declaration of Restrictive Covenants.
2. A deed.
3. The documents that create a homeowner's association.
4. The documents that create a condominium.
5. A Special Permit issued by a town planning board.
6. A Wetlands Order of Conditions.
7. A Variance.
8. A subdivision plan approved by the planning board.
9. A will.
A restrictive covenant can be created in many different documents including the following:
1. A free-standing Declaration of Restrictive Covenants.
2. A deed.
3. The documents that create a homeowner's association.
4. The documents that create a condominium.
5. A Special Permit issued by a town planning board.
6. A Wetlands Order of Conditions.
7. A Variance.
8. A subdivision plan approved by the planning board.
9. A will.
A restrictive covenant can be created in many different documents including the following:
1. A free-standing Declaration of Restrictive Covenants.
2. A deed.
3. The documents that create a homeowner's association.
4. The documents that create a condominium.
5. A Special Permit issued by a town planning board.
6. A Wetlands Order of Conditions.
7. A Variance.
8. A subdivision plan approved by the planning board.
9. A will.
A restrictive covenant can be created in many different documents including the following:
1. A free-standing Declaration of Restrictive Covenants.
2. A deed.
3. The documents that create a homeowner's association.
4. The documents that create a condominium.
5. A Special Permit issued by a town planning board.
6. A Wetlands Order of Conditions.
7. A Variance.
8. A subdivision plan approved by the planning board.
9. A will.
A restrictive covenant can be created in many different documents including the following:
1. A free-standing Declaration of Restrictive Covenants.
2. A deed.
3. The documents that create a homeowner's association.
4. The documents that create a condominium.
5. A Special Permit issued by a town planning board.
6. A Wetlands Order of Conditions.
7. A Variance.
8. A subdivision plan approved by the planning board.
9. A will.
"For deposit only" is a restrictive endorsement.
Generally, restrictive covenants are addressed by state laws that provide a statute of limitations. In Masachusetts, restrictive subdivision covenants that are recorded after 1961 expire after 30 years. There are different types of covenants. You would need to check the specific type you have in mind under your particular state laws.
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