The Agreement Creating Restrictive Covenants outlines key provisions to maintain property values in a designated subdivision in Nassau. It establishes covenants, conditions, and restrictions that homeowners must adhere to, thereby creating a harmonious community. The form requires all property owners to become members of the homeowners' association and comply with its rules, ensuring uniformity in property use. It includes clauses about membership termination upon property transfer and allows for amendment with consent from a significant majority of owners. The association holds the authority to enforce these restrictions through legal means. This form serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured approach to drafting and enforcing community standards. It ensures compliance with local laws and facilitates maintenance of property rights, thus protecting the interests of the subdivision's residents.