Finally, some properties may have what are called private and deed restrictions, often referred to as CC&Rs, or covenant, conditions, and restrictions. These are especially common when looking at condominiums or some subdivisions. These rules usually address uniform expectations designed to maintain the value of the area.
For example, if you buy a townhouse and the members’ association decides that next year everyone is going to buy a new red front door, you may find yourself at the local home improvement store, even if the door you have works just fine. It’s best to be aware of these possibilities.
In many if not most cases, the issues raised by a title search can be dealt with quickly and usually for a small fee. However, this is why you need an expert firm like Title Guaranty of South Florida. They’ll make sure that when you pick up the keys, you have clear title to possession of your new property!