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Metropolitan DC Local Politics
Reply to "There is no housing crisis in MoCo or most of the DMV for that matter "
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[quote=Anonymous] How does this not run afoul of the rule against perpetuities? The future buyer did not agree to that protective covenant when it was signed, so should at least be optional to maintain it when a property is sold. [/quote] Well they don't need to buy the property if they don't like the use restrictions attached to it. The contract is attached to the properties and does not become null and void if the property has a different owner. The Rule against perpetuities is not relevant to this, that is something that used to apply to trusts, but has been effectively eliminated because many states now allow trusts to last for 500 or 1000 years. [/quote]
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