3 ms·
The interests vested when the lots were first sold.
by mminer237 2y ago
The interests vested when the lots were first sold.
- toast0 2y agoI'm happy to be wrong, but this is my understanding... My restrictive covenant was phrased that if some event occurred, the ownership would convey to the original seller or his heirs. In that case, the seller's interest would not vest unless that event occurred; and since this vesting could happen in the far future, it's prohibited. I don't know how the covenant on setbacks is written in this case though, unfortunately the images from the article are too small to be legible, and I don't know where to find them otherwise.