The Maryland Court of Appeals ruled this week regarding a property dispute in the Stilwater Development.
The issue in this case is whether a restrictive covenant, which requires that building lots within a 59-lot subdivision along Deep Creek Lake in Garrett County,Maryland, be used for "single family residential purposes only," prohibits the owners of homes on those lots from renting their homes to residential tenants on a short-term basis. We shall hold that the restrictive covenant is unambiguous and that it does not prohibit the short-term rental to a single family of a home.
WTOP.com and Delaware Online report on the ruling.
Most covenants at Deep Creek Lake are written so as to allow owners to rent out their properties. Don't rely on the real estate agent to give you all of the details regarding the property. Home buyers should read and understand their covenants clearly before making a purchase.
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