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Updated over 7 years ago on . Most recent reply

Corey Jacobs's profile image
Corey Jacobs's profile image
Corey Jacobs
  • Investor
  • from Ligonier, Indiana
  • Member since Mar 28, 2013
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User Stats

48
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13
Votes
Corey Jacobs's profile image
Corey Jacobs's profile image
Corey Jacobs
  • Investor
  • from Ligonier, Indiana
  • Member since Mar 28, 2013
Connect
Corey Jacobs
  • Investor
  • Ligonier, IN
13
Votes |
48
Posts
Buying & Selling Real Estate

Title search found a Restrictive Use Covenant

Corey Jacobs
  • Investor
  • Ligonier, IN
Posted
We are set to close on a 9 unit property on Friday. This property currently has 4 tenants that are receiving USDA voucher assistance. Late Friday our lawyer sent us a document that title had came across. This document was titled Restrictive Use Covenant-The Last remaining Tenant. This was signed by the seller in 2015. Been searching all weekend for what this might mean and what impacts it might have on us. PS I can share the document, but not via the BP APP.
  • Corey Jacobs
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