Restrictive Covenants - What are they? Why should you care if you're buying or selling a house in Nova Scotia?
/Restrictive covenants - If you are buying home in a suburban area it is very likely your property will have them.
So, what are Restrictive Covenants?
Restrictive covenants are rules about the use of the property. I.e. the restrict your ability to do things on or to your property. The person (or company) that has the right to enforce these covenants is referred to as the "covenant holder" and is most often the developer of your subdivision. These rules are attached to the property and pass from one owner to the next.
Why do you care about them?
You care because these rules may affect your plans for your property. For example, they may restrict construction of fences or sheds or restrict your ability to run a business out of your home.
Often your real estate agent will provide you with a copy of these rules. Your lawyer may also provide you with a copy on lawyer review. It is important to take the time to review these rules prior to your condition dates expiring, to ensure that they will not interfere with your plans for your future home.
Have questions for us?:
If you have any questions about Restrictive Covenants and how they affect your property in Nova Scotia you can call us at (902) 826-3070 or email us at info@highlanderlaw.ca to set up a meeting with one of our lawyers at our Tantallon law firm. You can also schedule a no commitment Issue Review Consult for $250+HST where you have the opportunity to explain your situation to a lawyer and get basic advice before deciding whether or not you'd like to retain us.
By: Briana C. O'Grady, J.D. Associate Lawyer
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