Deed Restriction definition

Deed Restriction or “environmental easement” means a legal restriction on a property that grants a real property interest to the state to enforce maintenance requirements, monitoring requirements, or land use restrictions.

Deed Restriction means Land Use Code Section 5-1304.

Deed Restriction means a restriction on the use of a property set forth in a deed or other instrument of conveyance, including, but not limited to, a restrictive covenant, conservation easement, transfer of development rights, or any restriction placed on undeveloped land as a condition for the division or development of the undeveloped land.

Examples of Deed Restriction in a sentence

• A Deed restriction shall be placed into the deed for the property restricting its use so as not to allow for the two-family dwelling to be utilized or converted into a rental unit and such deed restriction language is to be submitted and approved by the Town Attorney prior to the filing the deed.

• Add ownership information to Paragraph I of the Deed Restriction: [formal name of GRANTEE] Insert ownership information as it appears on the deed.2. Create 3 copies (GRANTEE copy, OGALS copy and recorder’s copy) of the Deed restriction and the required attachments:‌‌‌(1) Exhibit A: Label this attachment “Exhibit A (Legal Description of Property).” Include a formal legal description of every parcel of property to which grant funds will be used for the development and/or acquisition thereof.

• The Issuer will prepare and provide to the Placement Agent the following: • A term sheet and/or other documents including financials, budgets, estimated debt service requirements and coverage, historical tax collections by relevant classification, litigation and regulatory materials, material contracts, Issuer demographic information, underlying credit ratings and other information deemed material to investors, (the “Information Package”).

• Deed- restriction language is applied to acquired properties by recording the open space and deed restrictions.

• An Affordable Housing Deed restriction for at least 20 years must be recorded.

More Definitions of Deed Restriction

Deed Restriction means any and all restrictive covenants, agreements or other encumbrances of record in the Register’s Office for Xxxxxxxxxx County, Tennessee, encumbering the Premises, including without limitation the Protective Covenants.

Deed Restriction means that certain use restriction recorded at Closing for the Elementary School Sites A-C, a form of which is attached hereto as Exhibit C.

Deed Restriction means an institutional control, restriction or use limitation to run with the land.

Deed Restriction means the deed restriction that limits uses of the real property. Deed Restrictions only apply if they are attached to this Grant.

Deed Restriction means the restriction document recorded against the Affordable Housing Unit or Affordable Housing Lot to apply the AHR and insure compliance with this Ordinance. The Deed Restriction shall incorporate, as an Exhibit, an Option to Purchase, in order to clearly provide for procedures whereby the Town may acquire the AHU or AHL in the event of a foreclosure or a deed in lieu of foreclosure.

Deed Restriction means a restriction on use or development of a property set forth either in a deed or some other sort of recordable document which is binding on the owners of the property.

Deed Restriction means a valid and enforceable provision that limits the use of land and that is included in a written instrument filed and recorded in the deed records of the county in which the land is located.