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Reply to "MoCo “Attainable Housing” plan and property values"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]An interesting take in which a building restriction is placed by a home seller, helping protect their neighbors and community from these developments. This ensures nothing but a single family home is built. https://www.dcurbanmom.com/jforum/posts/list/1212773.page[/quote] But that whole thread is basically about how this is unenforceable. What covenants would properties have in place that could prevent this?[/quote] That specific scenario different. We don’t know the context for this Arlington covenant whether neighbors are part of it or not. The thing that makes covenants enforceable is that a group of property owners agree to it. So this gives other property owner3 that are part of the agreement standing to enforce the terms of the covenant. If someone tries to violate the covenant neighbors will sue them. If a developer buys a house and starts building a plex unit anyway, the neighbors are very likely to prevail in court. Reasonable investors will not risk being required to tear down their investment property and pay damages to neighbors for violating a covenant. [/quote]
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