Who places the restrictions in a deed to a condominium unit in a new subdivision?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

The correct answer is that the developers place the restrictions in a deed to a condominium unit in a new subdivision. Developers typically establish the set of rules and guidelines that govern the condominium property. These restrictions are often included in the deed to ensure that all future owners are aware of the limitations and obligations associated with living in the condominium community.

Such restrictions can cover various aspects, including the use of common areas, architectural guidelines for the exterior of individual units, pet policies, and regulations regarding leasing or renting units. By outlining these restrictions, developers help maintain a certain standard within the community, which is essential for preserving property values and ensuring a harmonious living environment.

Other options such as property owners and local government do not typically have primary responsibility for establishing these deed restrictions. While property owners must adhere to the restrictions, they do not enact them. Local governments may have zoning laws, but they do not dictate the specific covenants and restrictions that a developer defines for the condominium project. Real estate agents also do not create such restrictions; they facilitate transactions and help buyers understand existing conditions, but they are not involved in the drafting of the deed restrictions themselves.

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