Get FORM K RELEASE OF COVENANT, RELEASE OF SURETY ... - Lexingtonma

A restriction is a limitation on how a parcel of land can be used. Generally, the terms "restrictive covenant" and "restriction" are used interchangeably.

The subdivision control law has been enacted for the purpose of protecting the safety, convenience and welfare of the inhabitants of the cities and towns in which it is, or may hereafter be, put in effect by regulating the laying out and construction of ways in subdivisions providing access to the several lots therein, ... General Law - Part I, Title VII, Chapter 41, Section 81M malegislature.gov https://malegislature.gov › Laws › TitleVII › Chapter41 malegislature.gov https://malegislature.gov › Laws › TitleVII › Chapter41

This Deed of Release - Restrictive Covenants shall be used where the owner of the land that has the benefit of the covenants agrees to release the restrictive covenants from the land that is burdened with the covenants. Deed of Release - Restrictive Covenants document template thelegalstop.co.uk https://.thelegalstop.co.uk › Business › Deed-of-Rel... thelegalstop.co.uk https://.thelegalstop.co.uk › Business › Deed-of-Rel...

The primary purpose of restrictive covenants is to have all property owners agree to the same set of rules. A universal standard makes it easier for the community to maintain a consistent appearance. These regulations can also deter residents not willing to comply with the agreements from moving in.

A deed of release is a legal document that removes a previous claim on an asset. It provides documentation of release from a binding agreement. A deed of release might be included when a lender transfers the title of real estate to the homeowner upon satisfaction of the mortgage.

Deed restrictions have been used for years by developers and condominium associations, typically to place limits on home size or aesthetic choices, for example, limiting the choices of acceptable exterior paint colors of homes within a subdivision.