The Agreement Creating Restrictive Covenants is a legal document designed to maintain property values and establish community standards in subdivisions in Texas without a homeowner's association (HOA). This form outlines covenants, conditions, and restrictions applicable to property owners, ensuring the subdivision remains attractive and desirable. Key features include the establishment of mandatory membership for property owners, guidelines for modifying or terminating covenants, and provisions for legal enforcement of the terms. The document specifies that it is binding on current and future property owners, creating long-term obligations. Filling out this form requires details such as the subdivision name and signatures from initial property owners and directors. It is particularly useful for attorneys, partners, and legal professionals assisting with real estate transactions, as well as paralegals and legal assistants who manage documents for property owners. This form helps ensure compliance with local laws and creates a framework for resolving disputes within the community.