Restrictive Covenant For A Subdivision Can Be Enforced By In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants is a legal document that establishes rules and regulations for a residential subdivision in Wayne. This agreement aims to maintain property values and ensure the subdivision remains a desirable place to live. It outlines the responsibilities of the Homeowner's Association and the property owners, requiring all owners to comply with the covenants set forth in the document. Owners automatically become members of the Association upon purchasing property within the subdivision, and their membership ceases upon sale of their lot. The Association retains the authority to amend the agreement with the consent of at least seventy-five percent of all lot owners. The document also specifies that any disputes regarding the enforcement of these covenants can be resolved through legal proceedings. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a framework for property management and dispute resolution within the subdivision context, ensuring clarity in membership rules and property rights.
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