CC&Rs

CC&Rs

CC&Rs is real estate acronym which stands for Covenants, Conditions, and Restrictions [http://www.nolo.com/definition.cfm/Term/A8739F43-1A43-44BF-84713BE68F11C827] . Often regarded as classic legal boilerplate, CC&Rs variously regulate the usages and aesthetics of a neighborhood or development to a greater or lesser degree.

CC&Rs are essentially adhesion contracts. That is, they work for the benefit of the developer who originates them and often work against the individual rights of the homeowner who buys into a planned community which might be a condominium or what is called a Homeowners' Association or a combination of many of these. To change the terms of this contract agreement typically requires a supermajority vote of two-thirds or more. Before buying a home controlled by CC&Rs, a buyer must sign a statement of acceptance of these rules. As the CC&Rs often run to 50 or more pages of legal jargon, a homeowner rarely has a full understanding of what he is agreeing to when he signs off on an acceptance.

While the Board of Directors who control the community may violate these CC&Rs with impunity, the individual homeowner who violates any of the rules may be fined. Failure to pay could lead to forced sale of his home. Since 1996, homeowners in planned communities in Arizona have lost basic homestead exemption rights even though other independent owners in Arizona have a $150,000. homestead exemption. The majority of owners subject to CC&Rs do not realize that they may have lost even this basic right along with the right to paint their house the color they might want to paint it.


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • AMP Energy — Type Energy drink Manufacturer PepsiCo, Inc. Country of origin USA Introduced …   Wikipedia

  • Amp — or AMP may refer to: cience* Adenosine monophosphate, a nucleotide found in RNA; * Ampere, a unit of electrical current; * Amplifier, a device that increases the amplitude of a signal; * Antimicrobial peptides, immune system… …   Wikipedia

  • Amp — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres > Sigles de trois lettres …   Wikipédia en Français

  • AMP Limited — Création 1849 Siège social   …   Wikipédia en Français

  • AMP (Unternehmen) — AMP Limited Rechtsform Aktiengesellschaft ISIN AU000000AMP6 Gründung 1996 (1849) …   Deutsch Wikipedia

  • Amp Energy 500 — Veranstaltungsort: Talladega Superspeedway Hauptsponsor: Amp Energy Erstes Rennen: 1969 Distanz …   Deutsch Wikipedia

  • AMP Energy NHL Winter Classic — AMP NHL Winter Classic AMP NHL Winter Classic 1 2 3 …   Wikipédia en Français

  • AMP NHL Winter Classic — 1 2 3 …   Wikipédia en Français

  • AMP-aktivierte Proteinkinase — Masse/Länge Primärstruktur 1150 = 550+269+331 Aminosäuren …   Deutsch Wikipedia

  • AMP! — (formerly Project Apex) is an upcoming online advertising management platform from Yahoo!. Announced [cite press release |title=Yahoo! Previews Powerful New Online Advertising Management Platform|publisher=Yahoo!|date=7 April 2008|url=http://yhoo …   Wikipedia

  • Amp rack — is short for amplifier rack and is a term used mostly in reference to professional audio applications to describe any furniture, fixture, or case where amplifiers are mounted by their faceplates or in slot grooves, mostly synonymous with rack… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”