The Agreement Creating Restrictive Covenants provides a legal framework for homeowners' associations in Orange to impose restrictions on property use within a subdivision. This form is essential for maintaining fair property values and ensuring the subdivision remains a desirable residential area. Key features include the requirement for property owners to notify the association of their ownership and the stipulation that 75% of property owners can amend the agreement. Specific editing instructions involve completing the necessary fields, such as the subdivision name, association details, and covenants. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in property law or homeowners' association management. It facilitates clear communication of the rules governing the subdivision and provides a method for legal recourse in case of violations. Users are advised to ensure compliance with local laws, as any conflicting provisions will become void. Furthermore, the document establishes that all covenants will run with the land, binding future owners to the terms outlined within.