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    3. Conditions, Covenants, and Restrictions (CCRs)»

    Definition of Conditions, Covenants, and Restrictions (CCRs)

    Dictionary of Business Terms: Conditions, Covenants, and Restrictions (CCRs)
    Conditions, Covenants, and Restrictions (CCRs)

    rules, stated in condominium or subdivision deeds or bylaws, that define how property may be used. They prevent property owners from making changes to their individual properties that could result in an unattractive or inharmonious setting that could adversely affect other owners. For example, CCRs may require a certain style for any house in a subdivision, restrict the height of a fence, ban certain types of building materials, or limit or bar satellite dishes.

    Dictionary of Real Estate Terms: Conditions, Covenants, and Restrictions (CCRs)
    Conditions, Covenants, and Restrictions (CCRs)

    often found in a condominium or a subdivision, these are rules, written into the deeds or bylaws, that define how property may be used. They prevent property owners from making changes to their individual properties that could result in an unattractive or inharmonious setting, which could adversely affect other owners.

    Example: CCRs may require a certain style for any house in the subdivision, restrict the height of a fence, ban certain types of building materials, and limit or bar antennas, especially satellite dishes.

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