Defining a Declaration of Covenants Conditions and Restrictions
Whether you are the owner or the renter of a condominium or any type of planned development, it is always prudent to know exactly what your rights are and what restrictions are imposed on the building. Under real estate law, every condominium and planned housing development must have a Declaration of Covenants Conditions and Restrictions (CC&Rs) which contains this information and states the rights and commitments of the homeowner’s association and all the owners/renters.
When you are planning to develop a condo or other type of planned development, state law requires that you and a lawyer draw up a CC&R plan that can be reviewed by a government agency. At Slater, Kennon & Pugh, Ltd.LLP, our Austin real estate lawyers have years of experience handling a variety of real estate law concerns. Contact our qualified attorneys by calling 512-472-2431.
What Does It Typically Include?
A Declaration of Covenants Conditions and Restrictions can vary in length and the regulations that it contains, depending on the size of the development and the needs of the homeowner’s association. Generally, the document will include such things as:
- Restrictions and allowances for the owner’s usage
- Responsibilities regarding maintenance of the property
- Maximum allowed number of units and space for common areas
- The process for resolving any disputes
- Owner’s financial responsibilities
- Any rules and regulations regarding building usage
A Declaration of Covenants Conditions and Restrictions should be unique to each developer and meet your individual needs.
Contact Us
At Slater, Kennon & Pugh, Ltd.LLP, our Texas real estate attorneys ensure that you receive individualized attention so that you can avoid being caught in an unfortunate business position. Contact us at 512-472-2431 today.