A buyer who is purchasing a property intends to build a chain-link fence in the backyard. There is a 12-year-old deed restriction that prohibits chain-link fences. The licensee finds out that there are no city codes prohibiting chain-link fences. Which of the following statements about this situation is true?

This statement is inaccurate because deed restrictions are private agreements that can impose stricter regulations than city codes. While city codes govern public safety and welfare, deed restrictions can specifically limit property use based on the developer's intentions or community standards, thereby taking precedence when they are more restrictive.

This choice is misleading as it incorrectly states the expiration of deed restrictions. Generally, deed restrictions do not automatically expire after a set period unless explicitly stated in the deed. In this scenario, the 12-year-old deed restriction remains in effect, making this statement false.

While this statement is often valid, it fails to recognize that there may be cases where city codes impose broader regulations. However, in this context, the more restrictive nature of the deed restriction regarding chain-link fences clearly establishes that it takes precedence over any relevant city codes, making this choice somewhat misleading.