Topic #3: Private Restrictions on Ownership

Just because you own real estate does not mean that you can do whatever you like to it. There are several kinds of restrictions that can be put on your property. Private restrictions are those not placed on your property by the government but through other means. Most typically private restrictions are placed on people's property by home owners association



There are other forms of private restrictions that can be placed on a property. I will list a few of them off.

• Covenants, conditions, restrictions- These are placed on the deed and once they are on it are  generally handed down to every owner from then on out.
• Liens- A claim against the property for a debt (like a mortgage) or for some monetary charge or obligation (like a lawsuit).
• Easements-A right given to one party by the landowner to use the land in a specified manner.  

 While you can go through legal processes to get rid of the restrictions, many of them are permanent and very very hard to unwind. 

Some fun HOA rules for you:
http://theweek.com/article/index/104150/top-7-insane-homeowners-association-rules