A building scheme is different from a restrictive covenant because a building scheme
A)applies only to a condominium development.
B)covers an entire neighbourhood.
C)requires an owner to get developer approval before building.
D)does not bind future purchasers.
E)can be extinguished if the majority of owners agree.

Question

Quizplus · Accepted Answer

A building scheme covers an entire neighbourhood, while a restrictive covenant applies only to a specific property or parcel of land. A building scheme typically sets out specific rules and regulations for the use and development of the land in a neighbourhood or development. It can include requirements for architectural style, building height, setbacks, and other factors. Unlike a restrictive covenant, a building scheme can be enforced by the developer or a homeowner's association, and can be extinguished if a majority of owners agree.

A Building Scheme Is Different from a Restrictive Covenant Because