Agreement Vs Covenant In King
Category:
State:
Multi-State
County:
King
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants outlines the covenants, conditions, and restrictions applicable to a residential subdivision, intending to maintain property values and residential desirability. It establishes a homeowner association responsible for managing these covenants. The document specifies that all property owners automatically become members of the association, bound by its terms and any adopted rules. It also details provisions for modifications, termination procedures requiring 75% owner consent, and the association's authority to enforce the covenants. A crucial distinction is drawn between an agreement and a covenant, where the former is a mutual contract while a covenant entails a legally enforceable promise tied to property ownership. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured process for creating and enforcing community standards, ensuring compliance with local laws, and protecting property investments.
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