Non Restrictive Vs Restrictive Clauses In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement Creating Restrictive Covenants' outlines the establishment of restrictions and conditions for property owners within a specific residential subdivision in Philadelphia. It details both non-restrictive and restrictive clauses that aim to maintain property values and ensure the desirability of the community. Key features include the requirement for all property owners to adhere to the formulated rules and regulations set by the Homeowner's Association, the process of membership termination upon property sale, and the ability for the Association to amend the agreement with a 75% owner consensus. Filling and editing instructions suggest that users should consult legal advice for specific provisions and ensure accurate completion of relevant sections. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to create, modify, or enforce property covenants. Additionally, it serves as a legal reference for the governance of homeowner associations in Philadelphia, providing clarity on the rights and responsibilities of lot owners and the Association.
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