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Get Restrictive Covenant Agreement
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How to fill out the Restrictive Covenant Agreement online
Filling out the Restrictive Covenant Agreement online is a straightforward process that requires attention to detail. This guide will help you understand each component of the form, ensuring you complete it accurately and efficiently.
Follow the steps to complete your agreement online.
- Click ‘Get Form’ button to obtain the Restrictive Covenant Agreement and open it in your preferred editor.
- Fill in the date of the agreement at the top of the form where indicated. This is typically the date when the agreement is being executed.
- Enter the full legal name and address of the Developer, including '100 East 9th Street, LLC' and its contact information. This ensures that the grantor is clearly identified.
- Input the full legal name and address of the City, including 'CITY OF LAWRENCE, KANSAS' and its contact details. This identifies the grantee in the agreement.
- Review the recitals section, which provides background context about the agreement. Ensure that all relevant information is accurate and appropriately cited, especially regarding the Redevelopment District.
- In the restrictions section, confirm the operations of the Parking Garage Structure as intended. Clearly state that it will be operated solely as a public parking garage, ensuring users understand the limitations placed on it.
- Complete the compliance section by affirming adherence to all relevant laws and regulations. This step may require detailed knowledge of local building codes and permits.
- Record the term of the agreement, which is set at fifty years unless otherwise terminated. Make sure to cite the date accurately.
- Provide information concerning the covenants running with the land to ensure that all future owners understand the restrictions.
- Review the remedies section to understand the actions that can be undertaken in the event of a breach. A clear acknowledgment of these stipulations will strengthen the enforceability of the agreement.
- Finalize by obtaining the required signatures from authorized representatives of both parties. Make sure that the acknowledgments are properly notarized.
- Once all fields are completed, save changes to your document. You may also download, print, or share the completed Restrictive Covenant Agreement as needed.
Begin filling out the Restrictive Covenant Agreement online today to ensure compliance with local regulations.
What happens if I breach a restrictive covenant? If you own a property and unknowingly (or otherwise) breach a restrictive covenant then you could be forced to undo any offending work (such as having to pull down an extension), pay a fee (often running into thousands of pounds) or even face legal action.
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