Restrictive Covenants In A Debt Contract In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement Creating Restrictive Covenants' establishes specific covenants, conditions, and restrictions for a residential subdivision in Collin County. Its primary purpose is to maintain property values and enhance the residential appeal of the subdivision. This form outlines the governance structure, membership roles, and responsibilities for property owners, ensuring compliance with subdivision rules initiated by the Homeowner's Association. Key features include the requirement for lot owners to notify the Association of changes in ownership, provisions for modifying covenants with a 75% owner consensus, and stipulations regarding legal enforcement of the covenants. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants in creating legally binding agreements that protect the interests of the subdivision community. It emphasizes clarity and simplicity, thus making it accessible for individuals with limited legal experience. Additionally, the covenants are designed to run with the land, ensuring that they bind future owners as well. Ultimately, this document serves as a foundational tool for maintaining order and property standards in the subdivision.
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