Restrictive covenants or deed restrictions are usually recorded on title to lots in virtually all new subdivisions. The purpose of the restrictions is to benefit neighbouring landowners (the dominant tenement) by covenants or promises of the owner of the parcel to which the covenants are recorded against (the servient tenement).
Water’s Edge transfers of title will contain deed restrictions, many of which will be required by the municipality or other approval authority, but which will also provide for some of the following matters:
- Grading and drainage compliance,
- Property value protections: minimum square footage of homes, building period and design review process,
- Agreement with Water’s Edge Owners Association for maintenance and use of common areas, funding and management,
- Environmental protection: waste storage, fill, fertilizer, well and septic requirements, storage of vehicles and equipment.