New Jersey Real Estate Practice Exam Practice Question
Deed restriction means the same as
Correct Answer: C
Rationale: Deed restrictions and restrictive covenants are synonymous, both referring to legal limitations placed on property use to maintain certain standards or values within a community.
Option A, lease restriction, pertains to limitations within lease agreements, which is different from the broader property ownership context of deed restrictions.
Option B, master plan, refers to a comprehensive planning document guiding land use and development, not a specific legal restriction on property.
Option D, variance, involves permission to deviate from zoning laws, contrasting with the enforceable limitations inherent in deed restrictions.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now