A deed restriction is a use and resale agreement between the buyer and MLH. Among other things, a deed/resale restriction regulates the maximum resale value to a below market rate, thereby providing locals with another real estate option. A homebuyer may not be able to afford a fair market rate home; however, a deed restricted unit provides another option which may be more affordable. There may be additional restrictions such as maintaining the home as a full-time residence, stipulations against earning rental income, etc.
