Acuerdo que crea convenios restrictivos - Agreement Creating Restrictive Covenants

State:
Multi-State
Control #:
US-00404BG
Format:
Word
Instant download

Description

In a deed, a grantee may agree to do something or refrain from doing certain acts. This agreement will become a binding contract between the grantor and the grantee. An example would be an agreement to maintain fences on the property or that the property will only be used for residential purposes. This kind of covenant is binding, not only between the grantor and the grantee, but also runs with the land. This means that anyone acquiring the land from the grantee is also bound by the covenant of the grantee. A covenant that provides that the grantee will refrain from certain conduct is called a restrictive or protective covenant. For example, there may be a covenant that no mobile home shall be placed on the property.

A restrictive or protective covenant may limit the kind of structure that can be placed on the property and may also restrict the use that can be made of the land. For example, when a tract of land is developed for individual lots and homes to be built, it is common to use the same restrictive covenants in all of the deeds in order to cause uniform restrictions and patterns on the property. For example, the developer may provide that no home may be built under a certain number of square feet. Any person acquiring a lot within the tract will be bound by the restrictions if they are placed in the deed or a prior recorded deed. Also, these restrictive covenants may be placed in a document at the outset of the development entitled "Restrictive Covenants," and list all the restrictive covenants that will apply to the tracts of land being developed. Any subsequent deed can then refer back to the book and page number where these restrictive covenants are recorded. Any person owning one of the lots in the tract may bring suit against another lot owner to enforce the restrictive covenants. However, restrictive covenants may be abandoned or not enforceable by estoppel if the restrictive covenants are violated openly for a sufficient period of time in order for a Court to declare that the restriction has been abandoned. Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
Free preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Acuerdo Que Crea Convenios Restrictivos?

Aren't you sick and tired of choosing from countless samples each time you need to create a Agreement Creating Restrictive Covenants? US Legal Forms eliminates the lost time an incredible number of American people spend browsing the internet for perfect tax and legal forms. Our expert crew of attorneys is constantly upgrading the state-specific Templates library, so it always has the appropriate files for your situation.

If you’re a US Legal Forms subscriber, simply log in to your account and click the Download button. After that, the form may be found in the My Forms tab.

Visitors who don't have an active subscription should complete quick and easy actions before being able to download their Agreement Creating Restrictive Covenants:

  1. Utilize the Preview function and read the form description (if available) to ensure that it’s the proper document for what you’re trying to find.
  2. Pay attention to the validity of the sample, meaning make sure it's the correct sample to your state and situation.
  3. Utilize the Search field at the top of the webpage if you need to look for another file.
  4. Click Buy Now and select a convenient pricing plan.
  5. Create an account and pay for the services using a credit card or a PayPal.
  6. Download your document in a convenient format to complete, create a hard copy, and sign the document.

After you have followed the step-by-step recommendations above, you'll always have the ability to log in and download whatever file you need for whatever state you want it in. With US Legal Forms, finishing Agreement Creating Restrictive Covenants samples or any other legal paperwork is easy. Get going now, and don't forget to recheck your samples with accredited lawyers!

Trusted and secure by over 3 million people of the world’s leading companies

Acuerdo que crea convenios restrictivos