Restrictive Covenants By The Transferee In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants outlines the covenants, conditions, and restrictions applicable to a specific residential subdivision managed by a homeowners' association. This document aims to maintain property values and the desirability of the subdivision through enforceable restrictions on land use and ownership rights. Key features include the necessity for new property owners to notify the association upon purchase, requirements for majority consent to amend the agreement, and provisions for legal enforcement of its terms. The agreement specifies that ownership rights terminate upon sale or transfer of a lot, ensuring continuity in adherence to the established covenants. Additionally, it mandates that any conflicts with local laws render only the conflicting parts void, preserving the functionality of the remaining provisions. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and property management, providing them with a template to ensure legal compliance and protection of property values within the subdivision.
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