The Agreement Creating Restrictive Covenants outlines the covenants, conditions, and restrictions established by a Homeowner's Association for a specific residential subdivision. Its primary purpose is to maintain property values and ensure the subdivision remains a desirable community. The form includes specifics on membership in the Association, stipulating that all property owners automatically become members and are bound by the terms set forth. It also details the process for amending the agreement, mandates compliance with local laws, and establishes that provisions of this declaration run with the land. This document is essential for maintaining community standards and can be enforced legally by the Association or individual lot owners. The utility of this form is significant for attorneys and legal assistants as it aids in governance and legal compliance within subdivisions. It is also beneficial for partners and owners, as it clarifies their rights and responsibilities. Paralegals can help complete and file this form accurately, ensuring adherence to legal requirements.