Restrictive Covenants For Employees In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants outlines the rules and guidelines for property owners in a specific subdivision in Clark. It is designed to maintain property values and ensure the desirability of the residential area. The document establishes that all property owners in the subdivision automatically become members of the homeowners' association, which enforces the covenants and restrictions. Key features include the requirement for owners to report changes in ownership to the association, the ability to amend the agreement with a 75% majority approval, and provisions for legal enforcement of the terms outlined in the agreement. It also specifies that the covenants will run with the land, binding future owners. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, residential development, or property management, providing them with a clear framework for property governance and compliance. The form should be filled out with relevant property details and signatures of the board of directors and initial property owners.
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