Restrictive Covenants By The Transferee In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants is a formal document established by the Homeowner's Association in Santa Clara, outlining specific covenants, conditions, and restrictions for residential properties within a designated subdivision. This form aims to maintain property values and ensure the subdivision remains a desirable residential area. It necessitates that all lot owners automatically become members of the Association upon purchasing their property, binding them to the terms set forth. The document outlines the rights and responsibilities of both the Association and individual owners, including procedures for notifying the Association of ownership changes and the requirement for a supermajority to amend or terminate the agreement. It emphasizes compliance with local laws and provides mechanisms for enforcing covenants through legal proceedings. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions to ensure clarity in property rights and obligations in Santa Clara.
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