Establishing Deed Restrictions as a Developer

If you're a developer, you're likely thinking about what you can do to make your development pleasing to your target market. Often times, particularly in areas with little zoning, deed restrictions can serve the purpose of dictating how your buyers will utilize their property, providing a uniform, pleasing aesthetic for your community.  Here are some steps for establishing beneficial deed restrictions:

When you decide on the types of restrictions you want to enforce, you will write them into the deed that will be turned over to the owner. To maintain the deed restrictions, you will need to establish a homeowner's association whose authority is recognized in the deed. You may want to control the HOA until the development is complete, at which time you will turn over governance to the development's residents. The restrictions that you've already established will serve as the fundamental guidelines the HOA can use to govern from then on out.

As a developer, you must maintain a balance between protecting your investment and making your potential buyer's happy.  Furthermore, you need to make sure that your restrictions fall within the confines of what is legally acceptable. You should always seek legal counsel from construction law attorney when you are considering deed restrictions. They can help you draft, review, and establish the restrictions.

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