Covenant And Agreement In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Covenant and Agreement in Broward is a legal document that establishes binding covenants, conditions, and restrictions for a residential subdivision, which is managed by a homeowner's association. This agreement aims to maintain property values and ensure that the subdivision remains a desirable residential area. By purchasing property within the subdivision, owners automatically become members of the association and agree to comply with its terms, including rules and regulations that may be adopted. The association retains the power to amend the agreement with the consent of at least 75 percent of lot owners. This document specifies that the provisions act as covenants running with the land, ensuring they bind current and future property owners. The association must comply with local laws, and if the agreement's provisions conflict with such laws, those specific terms will be voided while the rest remain intact. The agreement can also be voided after a specified number of years if supported by the lot owners. This comprehensive document is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants in navigating property rights and responsibilities in a residential community.
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