Covenants Form With Decimals In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants is a legal document designed to establish rules and regulations for a residential subdivision. Its primary purpose is to maintain property values and ensure that the subdivision remains a desirable residential area. The form outlines the covenants and restrictions applicable to property owners and necessitates that all owners become members of the Homeowner’s Association, adhering to the terms of the agreement. It includes provisions for amendments, such as allowing a 75 percent majority of lot owners to modify the agreement. Additionally, it mandates compliance with local laws and grants the Association authority to enforce the covenants. The document includes details on the initial board of directors and requires signatures from both directors and owners to validate the agreement. This form is valuable for attorneys, partners, and owners, as it provides a clear framework for the governance of the subdivision. It is also beneficial for paralegals and legal assistants who assist clients in understanding or drafting similar documents, ensuring that they communicate the importance of maintaining legal and regulatory standards within residential communities.
Free preview
