The Agreement Creating Restrictive Covenants sets forth the covenants, conditions, and restrictions that govern a residential subdivision in Middlesex County. Its primary purpose is to maintain property values and ensure the residential integrity of the subdivision. The document outlines the responsibilities of property owners, emphasizing their membership in the Homeowners Association, which holds authority over the subdivision's regulations. Key features include provisions for membership termination upon property transfer, the association's right to amend the agreement with a majority consent, and a timeline for the agreement's validity. It specifies that the association can enact rules to effectively enforce the agreement while complying with local and federal laws. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a legally binding framework to manage property development and community standards, facilitating smoother interactions among property owners and the association. Additionally, it empowers the association to take legal action to uphold the terms and provides clarity on dispute resolution, serving as a critical tool for maintaining community harmony.