Saturday, September 6, 2008

Real Estate Vocabulary: Covenants, Conditions, and Restrictions (CC & Rs)

First the preamble: Even though I am an attorney, the following is NOT intended to serve as anything other than general information. I am NOT engaged in rendering legal, accounting, or any other professional advice. If expert assistance is needed, the services of a competent professional should be sought. This post is NOT a substitute for legal or any other kind of professional advice.

A-okay. Now, on to today's real estate vocabulary term: Covenants, Conditions, and Restrictions (also called "CC & Rs).

CC & Rs are the rules filed by many common interest developers (such as condominium and co-op developers) that must be followed by anyone buying a unit in the building. These rules typically involve restrictions to regulate the use and appearance of the building. An example of a CC & R would be a rule prohibiting the installation of satellite television dishes. The CC & Rs are the sorts of things that any prospective buyer needs to understand because they dictate how the property can and cannot be used.

8 comments:

focusedpurpose said...

KHADIJA!!!

i found you. thanks for the link. i am beyond excited. i love your voice and i always learn so much from you.

thank you for starting your blog! i support you and stand in solidarity.

blessings sis,
focusedpurpose

Khadija said...

Focused Purpose!

{excited waving}

I'm so happy you found me. I'm excited (and a bit nervous) too. Thank you soooo much for your support! You've been an inspiration, sis.

Peace and blessings,
Khadija

lormarie said...

Wow! Khadija finally has her own blog. I'll definitely link.

Khadija said...

Lormarie!

Hello there! {excited waving}

Thanks for stopping by; and thanks for the link love. I truly appreciate it.

Peace and blessings,
Khadija

Torrance Stephens - All-Mi-T said...

i just want to welcome u to the blogoverse

any friend of FP is mine too

Khadija said...

Torrance!

{excited waving}

Thank you so much for stopping by, and your kind welcome to the blogoverse. I truly appreciate it.

Peace and blessings,
Khadija

Ana said...

Khadija:
Congratulations on your new blog. I know you are going to be a guide and inspiration to many Black women. Thanks.

One thing, it is not easy to log on to you from google.com

Suerte.(Good luck)
Saludos,
Ana

Khadija said...

Ana!

{excited waving}

Hello there! I'm so happy you stopped by. Thank you so much for your kind words and good wishes. I'm clueless when it comes to "tech" stuff. For some (as of yet) unknown reason, this blog only seems to come up for me when I type the address in the following manner:

http://muslimbushido.blogspot.com

I don't know what that's about. Yet. I hope that people can please bear with me while I learn more about how to operate the Blogger system. I'll eventually get up to speed, and have these speedbumps straightened out.

Peace and blessings,
Khadija