Restrictive Covenant For A Subdivision Can Be Enforced By In New York
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Description
The Restrictive Covenant for a subdivision can be enforced by the Homeowner's Association in New York to maintain property values and neighborhood desirability. This legal form outlines the covenants, conditions, and restrictions applicable to properties within the subdivision, as well as the rights and responsibilities of both the Association and lot owners. Key features include membership requirements in the Association upon property purchase, provisions for transferring membership upon sale, and the necessity to follow local regulations. This document enables the Association to set rules and amend the covenants with approval from 75% of lot owners. It also details the enforcement mechanisms available to the Association and lot owners for compliance. The form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with real estate law and community management, as it provides a clear framework for governance and conflict resolution within residential subdivisions.
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