The Covenants form with decimals in Wake is a legal document designed to establish regulations and restrictions for residential subdivisions. This form is created by a homeowner's association and aims to maintain property values and uphold community standards within the designated subdivision. Key features of the form include the declaration of covenants, conditions, and restrictions, as well as provisions for the membership of property owners in the association. Filing this form requires the inclusion of specific details such as the identification of the subdivision, lot owner information, and compliance with local regulations. It also outlines the procedures for amending the agreement and the process for terminating the covenants by a specified percentage of property owners. This form is particularly useful for attorneys, partners, and owners who manage residential properties, as well as paralegals and legal assistants who support real estate transactions. By utilizing this form, the target audience can ensure legal compliance and facilitate effective governance within the community, ultimately benefitting the property, its owners, and the overall neighborhood.