What are you looking for? 

Explain ...

Author Message
Icon Mini Profile karthikeyamurugesan



Joined: 18 Jul 2007

Posts: 9



4.50 Dollars($)

PostPosted: Thu Jul 19, 2007 8:27 am    Post subject: Explain ...

Can anyone differentiate CC&R's and Easements with Example's?
 
image
Icon Mini Profile miller_st
miller_st


Joined: 17 Jan 2007

Posts: 917



168.82 Dollars($)

PostPosted: Thu Jul 19, 2007 12:59 pm    Post subject:

Hi Karthikeyamurugesan,

Covenant Condition Restriction (CC&R's) agreement is included in the property deed to define and restrict the manner in which that property can be used. A simple example would be a deed which contains covenant that owner will not permit noxious uses on the property. It can also be a list of particular things not allowed created on the property like stables or factories. CC&R's set the general rules & guidelines that homeowner accept to abide by.

Compared to CC&R's, easement is the right to prevent or to do something over the property of another. This right is described as right to use the land of another person for some special purpose. An easement does not give the holder any possession rights but only rights to use that property.

Miller
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terminology
Industry News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool
Mortgage Planner
Simple Budgeting Tool


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0