What Does Covenants Conditions and Restrictions Mean?

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What does Covenants Conditions and Restrictions mean? Read on to discover the definition & meaning of the term Covenants Conditions and Restrictions - to help you better understand the language used in insurance policies.

Covenants Conditions and Restrictions

Covenants Conditions and Restrictions

The part of a home owners' association agreement that stipulates various rules, regulations, and promises by which a home owner agrees to abide when purchasing a residence. These types of agreements are commonly used in condominium and other residential neighborhoods in an attempt to protect the living environment and preserve property values.

We hope the you have a better understanding of the meaning of Covenants Conditions and Restrictions.

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