Restrictive Covenants For Contractors In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The form titled 'Agreement Creating Restrictive Covenants' outlines covenants, conditions, and restrictions for homeowners in a specified subdivision in Fulton. It serves to maintain property values and ensure that the subdivision remains an attractive residential area. Homeowners in the subdivision automatically become members of the associated homeowner's association, binding them to the agreement's terms and the association's rules. Significant features include the ability for owners to amend the agreement with a 75 percent majority consent, and the stipulation that it may become void after a specified number of years. The form also establishes that violations can lead to legal action and clarifies that all provisions shall run with the land, benefiting future owners. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or property management, as it provides the legal framework necessary for compliance and enforcement of neighborhood standards.
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