The Agreement Creating Restrictive Covenants addresses the establishment of covenants, conditions, and restrictions within a residential subdivision. The focus is on maintaining property values and ensuring the subdivision remains a desirable residential area. Key features include membership requirements in the homeowner's association, provisions for property transfer, and the ability for the association to modify the agreement with the consent of a significant majority of property owners. The form instructs users to define the covenants and restrictions clearly, as well as to ensure compliance with local laws and regulations. This document is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in drafting, reviewing, or enforcing such agreements. It aids in legal clarity for property owners and the association, while also ensuring consistency in the community standards. Users should complete the form by filling in specific details about the subdivision and its governing association, while ensuring that it reflects the collective interests of property owners.