Real Property – Restrictive Covenants – Building Deadlines – RemediesProperties of Southern Wake, LLC v. Fidelity Bank Although the plaintiff-developer’s restrictive covenants required construction to begin within nine months of the purchase of a lot, if a buyer failed to begin construction on time, the only remedy set out in the covenants was the developer’s re-purchase of the lot, at the developer’s option.
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Published: December 27, 2012
Time posted: 9:39 am
Tags: Building Deadlines, Real Property, Remedies, restrictive covenants