Contract With Restrictive Covenants In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Contract with restrictive covenants in Wake establishes a framework for maintaining property values and ensuring the desirability of a residential subdivision. This agreement, executed by the Homeowner's Association, outlines the obligations of property owners and the rights of the Association. Key features include the requirement for membership in the Association upon property purchase, the ability to amend the agreement with a majority consent, and the imposition of covenants designed to uphold community standards. Filling and editing instructions emphasize the importance of attaching relevant property descriptions and ensuring accurate records with the county clerk. The form is relevant for attorneys, partners, and legal assistants who facilitate property transactions and advise homeowners on compliance. Paralegals and associates will benefit from understanding the implications of the covenants, while owners and associates will appreciate the protection and guidelines provided to enhance community living.
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