Covenant And Agreement Difference In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement Creating Restrictive Covenants' outlines the essential differences between covenants and agreements in Nassau. It establishes covenants that are designed to maintain property values and the desirability of the subdivision as a residential area. Key features include the incorporation of a Homeowner's Association, mandatory compliance for property owners with the terms set forth, and provisions for amendment or termination of the agreement by a supermajority of owners. It specifies that ownership change leads to termination of membership in the Association, ensuring that any subsequent owner is notified of the requirements. Filling instructions advise completing the form with specific details about the subdivision and the Association's by-laws. Importantly, this document is useful for attorneys, partners, owners, associates, paralegals, and legal assistants managing real estate within such subdivisions, as it provides a clear framework for property owner obligations and Association governance, thereby protecting the rights and interests of all involved.
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