Which of the following is a common feature of restrictive covenants?

Restrictive covenants are agreements placed on property that dictate how the property can be used and can impose limitations on the property owner. A common feature of these covenants is the prohibition of certain types of businesses from operating on the property. This is often implemented in residential areas to maintain a specific character and to prevent potential disturbances that certain businesses might create, such as noise, traffic, or visual pollution.

The aim of these covenants is to enhance the quality of life for residents and protect property values by ensuring that the neighborhood remains consistent in its use. For example, a restrictive covenant may prevent the establishment of a commercial storefront in a purely residential zone, thereby keeping the residential nature of the area intact. This explains why option B accurately reflects a characteristic of restrictive covenants.

In contrast, allowing unlimited alterations, ruling out mortgage requirements, and reducing property taxes are not typical characteristics of restrictive covenants and do not align with their primary purpose of regulating property use and maintaining community standards.