CC&Rs

Intermediate 🏠 Real Estate

Definition

Covenants, Conditions & Restrictions—the rulebook that HOAs use to control your life in writing.

Example Usage

The CC&Rs prohibit satellite dishes, exterior modifications, and apparently joy.

Origin

Legal document terminology dating back to property law foundations

Fun Fact

CC&Rs run with the land, meaning they bind all future owners regardless of when they bought.

Source: Property law documentation

Related Terms

Beginner

spec house

A house built by a developer on speculation without a specific buyer lined up. Building it and hoping they will come—the real estate field of dreams.

🏠 Real Estate
Beginner

Lot Size

The amount of land your property sits on, which matters a lot until you realize most of it is a setback you can't build on anyway. It's the real estate equivalent of buying a large popcorn that's mostly air.

🏠 Real Estate
Advanced

Subject-To Transaction

Buying a property while leaving the original mortgage in place—you take the deed but not the loan, assuming the seller won't trigger the due-on-sale clause.

🏠 Real Estate
Beginner

Starter Home

A concept from the 1990s where young people could afford a small first home before upgrading. Now it mostly exists as a fairy tale told by boomers alongside legends of affordable college and pension plans.

🏠 Real Estate
Advanced

synthetic lease

A complex financing structure that acts like a lease for accounting purposes but provides tax benefits of ownership, beloved by corporations and their accountants. It's the financial engineering equivalent of having your cake while also writing off the ingredients.

🏠 Real Estate
Intermediate

As-Is Sale

Buying a property exactly as it is without repairs—the seller's way of saying 'don't say I didn't warn you.'

🏠 Real Estate

Translate This Term

See “CC&Rs” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

Try the Translator

Share This Term

Post on XShare on FacebookShare on LinkedIn

Discover a Term

Beginner

dbeyr

don't believe everything you read...