In a deed, a limitation placed on the new owner by the grantor is referred to as what?

In a deed, a limitation placed on the new owner by the grantor is referred to as a restriction. Restrictions are specific conditions or limitations imposed on the use or transfer of property that must be adhered to by the new owner. These can include prohibitions against certain types of activities or uses of the property, which are designed to maintain the character of the property or protect the interests of the grantor and the surrounding community.

Understanding the nature of a restriction helps to clarify how property rights can be conditioned by prior agreements, affecting what the new owner can or cannot do with the property.

Other terms in the choices, such as consideration, relate to the exchange of value in contracts, plottage refers to the increase in value that can occur when two or more parcels of property are combined, and probate pertains to the legal process of administering a deceased person's estate, which is not directly related to the limitations imposed on property ownership in a deed.