Contract With Restrictive Covenants In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Contract with Restrictive Covenants in Collin serves as a formal agreement establishing specific covenants, conditions, and restrictions applicable to a residential subdivision. It is designed to maintain property values and ensure the neighborhood remains an appealing residential area. Users complete the document by filling in relevant details such as the date, subdivision name, and members of the association. The agreement emphasizes that all property owners automatically become members of the homeowners' association upon purchase, binding them to the rules set forth. Key features include the process for amending the agreement with a 75% member approval, the obligation of the association to adhere to local laws, and the conditions under which the agreement can be terminated. The document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or property management, aiding in the enforcement of community standards and resolving disputes related to property use. Additionally, it includes provisions for legal action should covenant violations occur, providing a framework for maintaining community integrity.
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