Restrictive Covenants In Real Estate In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement Creating Restrictive Covenants' outlines the covenants, conditions, and restrictions imposed on properties within a specific subdivision in Suffolk. It aims to maintain property values and ensure the residential area remains desirable. The agreement mandates that all property owners within the subdivision become members of the Homeowners Association, which governs the adherence to these covenants. Key features include the requirement for owners to notify the Association upon purchasing a lot, the ability for the Association to create rules and regulations, and the provision for amendments if agreed upon by 75% of the lot owners. This form includes procedures for legal recourse, ensuring compliance through potential enforcement actions by the Association or individual owners. It is relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured approach to manage property agreements. Their roles may involve drafting, reviewing, or enforcing the terms of the agreement as part of real estate transactions or neighborhood governance.
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