The Agreement Creating Restrictive Covenants outlines a set of rules to maintain property value and neighborhood standards in a residential subdivision in Philadelphia without a Homeowners Association (HOA). It establishes binding covenants that all property owners must adhere to, ensuring the area remains desirable and well-kept. The document specifies the Association's role in enforcing these covenants, which includes regulating property use and membership requirements. Users of this form should fill in key details such as the date, names of involved parties, and specific covenants. The form is particularly useful for attorneys, partners, and owners looking to formalize restrictions on property use to protect their investment. Paralegals and legal assistants can help ensure that it is completed accurately, while legal assistants can assist in conveying necessary information to clients about their obligations and rights. Additionally, this document can serve as a basis for maintaining neighborhood standards in the absence of formal HOA governance, aligning the interests of property owners for mutual benefit.