3 ms·
This is precisely how covenants work on real estate, and is how things like homeowners' associations perpetuate themselves: the original builder, or the first o
by ubernostrum 8y ago
This is precisely how covenants work on real estate, and is how things like homeowners' associations perpetuate themselves: the original builder, or the first owner to join the HOA, attaches a covenant which will require all future owners to also join the HOA and follow the HOA's policies.
In prior times, such covenants were also used to try to racially segregate property, by forbidding sale to a person of a race the covenant's creator disliked (such covenants are technically still valid, but unenforceable by US courts).
And they're sometimes used for other things, too; I recall there was a house near my college's campus that the college wanted to purchase and use, but the owner had set up a restrictive covenant that would forbid any later purchaser/inheritor from selling it to the college.