Non Restrictive Vs Restrictive Clauses In New York
Instant download
Description
The agreement creating restrictive covenants outlines the rules and conditions that govern a residential subdivision in New York. It distinguishes between non-restrictive and restrictive clauses, emphasizing how restrictive clauses are essential for maintaining property values and community standards. Users are prompted to fill in specific details, such as the date, homeowner association name, and location, to personalize the document. Editing instructions highlight the need for compliance with local laws and regulations while integrating community preferences through a process requiring a vote by the owners. The form is designed for attorneys, partners, owners, associates, paralegals, and legal assistants who need to create or enforce property covenants in subdivisions. Each member automatically joins the association upon property purchase, and failing to comply with these covenants may lead to legal proceedings. This agreement also allows for amendments and specifies the conditions under which it can be terminated, making it versatile for community governance in real estate developments.
Free preview
