A Protective Covenant With David In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00405BG
Format:
Word;
Rich Text
Instant download
Description
The document is an Amendment to Protective Covenant for Orchard View Subdivision, Part One, detailing changes to existing protective covenants. It highlights that amendments require the approval of sixty percent plus one of the owners, with specific changes outlined to the covenant's language and stipulations. Notably, it introduces restrictions on rental practices, prohibiting transient or hotel-like uses of the property. Lease agreements are mandated to be in writing, with compliance to covenants being a requirement for tenants. Additionally, it amends the official address for the homeowners' association and updates the legal proceedings section, granting the prevailing party the right to recover attorney's fees. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and community governance, as it provides a clear framework for compliance and dispute resolution. It aids in ensuring that property owners understand and adhere to communal regulations while also allowing for necessary legal protections and enforcement mechanisms.
Free preview
