The Agreement Creating Restrictive Covenants establishes the covenants, conditions, and restrictions applicable to a residential subdivision in Queens. This document aims to maintain property values and ensure the subdivision remains a desirable residential area. It necessitates that all homeowners in the subdivision become members of the Homeowners Association and adhere to the terms outlined within the agreement. Key instructions for filling out the form include providing specific details about the subdivision, the homeowners’ association, and applying the covenants that outline property use restrictions. It is essential for users to notify the Association of any changes in ownership and comply with the Association's regulations. This form is vital for attorneys, owners, partners, associates, paralegals, and legal assistants, as it protects client interests in property management, outlines community obligations, and facilitates enforcement of community rules. Understanding the usage and implications of these covenants helps maintain neighborhood standards and can prevent legal disputes among property owners.