Non Restrictive Vs Restrictive Clauses In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement Creating Restrictive Covenants' outlines the covenants, conditions, and restrictions applicable to a specific residential subdivision. It establishes the Association's role in maintaining property values and the overall desirability of the subdivision. The key features include the requirement for owners to adhere to the terms set forth, the process for membership in the Association, and the procedures for modifying or terminating the Agreement. Non-restrictive clauses allow for some flexibility in governance, while restrictive clauses impose specific limitations on property use and obligations of owners. Filling out this form requires the precise identification of the subdivision, adherence to membership rules, and the explicit inclusion of covenants. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and property management, providing a clear structure for enforcing community standards. The document’s utility lies in its ability to ensure compliance with local regulations and facilitate legal proceedings if necessary.
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