CLICK HERE cONTACT US FOR LOWER RENT AND LEASE BUYOUT

 ALL 146 RESIDENTIAL AND 5 COMMERCIAL UNITS HAVE THREE DEED RESTRICTIONS. THIS RESTRICTION APPEARS IN EVERY INDIVIDUAL FEE SIMPLE, LEASE ASSIGNMENT, AND 54 SANDWICH SUBLEASE PURCHASE  ASSIGNMENTS.

 THE FIRST OF THREE DEED RESTRICTIONS REQUIRES A MANAGEMENT COMMITTEE AND OTHER CONDITIONS. THE SECOND AND THIRD RESTRICTION DECLARES THAT WHEN THE LEASE IS BOUGHT, THERE IS NO MORE RENT. 

AFTER THE DESCRIPTIONS OF THE FIVE PIECES OF LAND MAKING UP THE CANTERBURY PLACE LAND PARCEL, THERE IS A "SUBJECT, HOWEVER, TO:" WHICH HAS SEVERAL NUMBERED PARAGRAPHS.  PARAGRAPH 5 (FOR NEARLY EVERYONE, PLUS OR MINUS A COUPLE FOR SOME FOLKS) LOOKS LIKE THE FOLLOWING: