Restrictive Covenants In Employment Contracts Uk In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00404BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Creating Restrictive Covenants deals with covenants, conditions, and restrictions placed by a Homeowners' Association on a residential subdivision. It aims to maintain property values and ensure the subdivision remains a desirable residential area. The document outlines the rules and responsibilities of property owners within the subdivision, emphasizing that ownership includes membership in the Association, which enforces these covenants. Key features include the process for modifying or terminating the covenant agreement with 75% majority consent from lot owners and the legal powers vested in the Association to enforce compliance. The form also incorporates provisions for legal proceedings in case of disputes and stipulates that the terms are binding on successors. This form is particularly useful for attorneys, partners, and owners involved in residential developments, as well as associates, paralegals, and legal assistants working to ensure compliance among property owners.
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