minimum cost restriction

minimum cost restriction
The amount fixed by a restrictive covenant as the lowest limit in cost of construction of any house to be erected upon the premises conveyed by the deed in which the covenant appears, thereby prohibiting the grantee or his successors in interest from erecting a house at a cost in a lesser amount. 20 Am J2d Cov §§ 260 et seq.

Ballentine's law dictionary. . 1998.

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