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Published on MyClaySun.com (http://myclaysun.com)

Deed Restricted

By read44
Created Oct 14 2007 - 7:50pm

How do you feel about deed restricted communities with homeowner associations? 

I recently noticed that the Lake Asbury Plan proposes, if I understood it, that every community will have a homeowner’s association and will care for their own roads, drainage system and the like.  I happen to drive into a community and liked the way it looked and inquired about an available home.  This was my first experience with a deed restricted community.  While others may dislike the “rules”, I appreciate that this is what it takes to make a neighborhood look desirable for years to come. 

Difficulties arise when new homeowners or renters move in and resume their normal and accustomed activities only to receive a letter of violation from the property manager.  This may be a poor welcome in the short run, but when you buy property in a deed restricted community, did you know that you initial a document within your mortgage papers that tells you that there are restrictions that apply to the lot you are buying? 

Interesting isn’t it what we sign without reading?


Source URL:
http://myclaysun.com/node/2162