Restrictive Covenants In A Debt Contract In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants is a legal document designed to outline the covenants, conditions, and restrictions governing a residential subdivision in Dallas. This agreement aims to maintain property values and ensure the subdivision remains a desirable residential area. Key features include the mandatory membership in the associated homeowner's association for all lot owners, which binds them to the terms of the agreement as well as the association's bylaws. The form provides specific instructions for conveying lot ownership and the process for modifying the agreement by securing a 75% consent from property owners. Additionally, the agreement must comply with local laws and can be voided after a specified number of years. Utility of this form is particularly relevant for attorneys as it aids in real estate law matters, while partners and owners benefit from understanding property regulations. Associates, paralegals, and legal assistants find this document essential for handling residential property transactions and ensuring compliance with neighborhood standards.
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