Which of the following best describes a deed restriction?

A deed restriction refers to a limitation imposed on the use of property, which directly influences how the property can be used or developed. These restrictions are often included in the deed when a property is sold and can specify what the property owner can or cannot do, such as prohibiting certain types of buildings, requiring adherence to specific design guidelines, or restricting the use of the property for commercial purposes.

This option captures the essence of what a deed restriction entails—it is a legally enforceable agreement that protects the interests of the community, neighbors, or the grantor's objectives by ensuring that the property is used in a certain way. The enforceability of deed restrictions is generally upheld in courts, provided they are reasonable and not against public policy, making them an important aspect of property law.

The other options focus on unrelated concepts. For instance, a requirement for property inspection pertains to assessing the condition of a property rather than limiting its use. A financial obligation requiring payment relates to monetary duties associated with property ownership, such as mortgages or taxes, which doesn't connect to the notion of restrictions on property use. Lastly, a primarily verbal agreement lacks the formal legal standing that deed restrictions hold, which are typically documented in writing as part of property records. This distinction is crucial in