Restrictive Covenants In A Debt Contract In San Diego
Category:
State:
Multi-State
County:
San Diego
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 San Diego. These restrictive covenants are established by the Homeowner's Association to uphold property values and maintain the subdivision's desirability. Each property owner automatically becomes a member of the Association upon purchasing a lot and agrees to adhere to the terms set forth in this Agreement, along with the Association's Articles of Incorporation and Bylaws. It specifies that ownership transfer results in the termination of membership and requires owners to inform the Association of their new address. The document also allows amendments through a 75% owner consent and establishes that the Association can implement reasonable regulations. Legal enforcement is addressed, with costs recoverable from offenders in disputes. This form is particularly useful for attorneys, property owners, and legal assistants, as it provides a clear framework for responsibility and governance in residential communities, ensuring compliance and facilitating effective property management.
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