The Covenants form with decimals in Franklin is a legal document designed to establish restrictions and guidelines for residential subdivisions, ensuring the maintenance of property values and community standards. This form is created by a Homeowner's Association and addresses key elements, including membership requirements, rules and regulations, and the legal framework for enforcement. It specifies the role of the Association in governing the property, necessitates owners to notify the Association upon purchase, and emphasizes adherence to local laws. Any amendments to the covenants require consent from a majority of the lot owners. The form incorporates provisions for legal action to uphold its terms, making it enforceable by any lot owner or the Association. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to develop clear community standards, manage property relations effectively, and ensure legal compliance within the subdivision.