Restrictive Covenants By The Transferee In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled Agreement Creating Restrictive Covenants outlines the covenants, conditions, and restrictions for properties within a specified subdivision in Franklin. The purpose of these covenants is to maintain property values and ensure the community remains a desirable living environment. Key features include the requirement for all lot owners to become members of the homeowners' association, adherence to the obligations outlined within the declaration, and the stipulation that membership ceases upon the transfer or sale of property. It empowers the association to develop further rules and regulations with the consent of a significant majority of property owners. This agreement is enforceable legally, allowing for potential judicial action against violators. The Document also specifies that it may be invalidated after a set number of years or by a majority vote from property owners. The form is highly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured framework for managing property rights and community standards, fostering compliance, and protecting against disputes in real estate transactions.
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