Restrictive Covenants In Shareholders Agreements In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants outlines the covenants, conditions, and restrictions applicable to a residential subdivision in Kings through a homeowners' association. It aims to maintain property values and preserve the desirability of the community. Key features include mandatory membership in the association for property owners, the requirement to notify the association of address changes, and the association's authority to create rules and regulations. The agreement specifies that a 75% owner consent is needed to modify or terminate the covenants. Legal compliance is emphasized, ensuring that the agreement does not conflict with applicable laws. The document binds property owners and their successors to adhere to the stipulated terms and provides a mechanism for legal enforcement and recovery of costs by prevailing parties. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured legal framework to manage property and neighborhood relations effectively.
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