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What is a Declaration of Covenants, Conditions and Restrictions?

April 26, 2017Conditions covenants Declaration

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What is a Declaration of Covenants, Conditions and Restrictions?

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Otherwise referred to as a CCR, this is a legal document on file with McLean County Records and is bound to your specific lot. A CCR specifies requirements to which you can be held responsible similar to your deed. CCR’s are required to be disclosed at your home’s closing, but statistics show that about 30% of homeowner’s close without knowing about this document. The document is binding whether you know of it or not. You can review the latest CCR on-line by using the Declaration link in the side or bottom menu.