Kings New York Agreement Creating Restrictive Covenants

State:
Multi-State
County:
Kings
Control #:
US-00404BG
Format:
Word; 
Rich Text
Instant download

Description

In a deed, a grantee may agree to do something or refrain from doing certain acts. This agreement will become a binding contract between the grantor and the grantee. An example would be an agreement to maintain fences on the property or that the property will only be used for residential purposes. This kind of covenant is binding, not only between the grantor and the grantee, but also runs with the land. This means that anyone acquiring the land from the grantee is also bound by the covenant of the grantee. A covenant that provides that the grantee will refrain from certain conduct is called a restrictive or protective covenant. For example, there may be a covenant that no mobile home shall be placed on the property.



A restrictive or protective covenant may limit the kind of structure that can be placed on the property and may also restrict the use that can be made of the land. For example, when a tract of land is developed for individual lots and homes to be built, it is common to use the same restrictive covenants in all of the deeds in order to cause uniform restrictions and patterns on the property. For example, the developer may provide that no home may be built under a certain number of square feet. Any person acquiring a lot within the tract will be bound by the restrictions if they are placed in the deed or a prior recorded deed. Also, these restrictive covenants may be placed in a document at the outset of the development entitled "Restrictive Covenants," and list all the restrictive covenants that will apply to the tracts of land being developed. Any subsequent deed can then refer back to the book and page number where these restrictive covenants are recorded. Any person owning one of the lots in the tract may bring suit against another lot owner to enforce the restrictive covenants. However, restrictive covenants may be abandoned or not enforceable by estoppel if the restrictive covenants are violated openly for a sufficient period of time in order for a Court to declare that the restriction has been abandoned.
Free preview
  • Preview Agreement Creating Restrictive Covenants
  • Preview Agreement Creating Restrictive Covenants
  • Preview Agreement Creating Restrictive Covenants

How to fill out Agreement Creating Restrictive Covenants?

Are you seeking to swiftly formulate a legally-enforceable Kings Agreement Establishing Restrictive Covenants or perhaps another document to manage your personal or business affairs.

You have two alternatives: engage a legal expert to create a legal document for you or compose it entirely by yourself. The positive news is, there’s a third option - US Legal Forms. It will assist you in obtaining well-crafted legal documents without incurring excessive charges for legal services.

If the template isn't what you were anticipating, restart the search process by utilizing the search box at the top.

Select the plan that best meets your preferences and move forward with the payment. Choose the file format in which you wish to receive your form and download it. Print it, fill it out, and sign it where required. If you have already created an account, you can simply Log In, locate the Kings Agreement Establishing Restrictive Covenants template, and download it. To re-download the form, navigate to the My documents section.

  1. US Legal Forms provides a vast assortment of over 85,000 state-specific form templates, including Kings Agreement Establishing Restrictive Covenants and form bundles.
  2. We furnish templates for a diverse range of situations: from divorce documents to real estate paperwork.
  3. We have been in operation for over 25 years and maintain an impeccable reputation with our clients.
  4. Here’s how you can join their ranks and acquire the necessary document hassle-free.
  5. First, confirm that the Kings Agreement Establishing Restrictive Covenants is suitable for your state or county regulations.
  6. If the form includes a description, ensure you understand its purpose.

Form popularity

FAQ

Racially restrictive covenants first appeared in deeds of homes in California and Massachusetts at the end of the 19th century and were then widely used throughout the U.S. in the first half of the 20th century to prohibit racial, ethnic, and religious minority groups from buying, leasing, or occupying homes.

Land development companies were responsible for most but not all of the racial restrictive covenants in Seattle. In some areas, homeowners themselves organized campaigns to restrict their own properties. This was most common in the older areas of the city that had been developed before the 1920s.

Consequences/Enforcement However, most enforcement of restrictive covenants is now carried out by the appropriate owners association. In a community with restrictive covenants, but no owners association, it is up to the individual owners alone to enforce the restrictive covenants against other property owners.

To be enforceable a restrictive covenant must firstly touch and concern or somehow benefit other land, and the benefit must also have been intended to run with that benefitting land. The covenant cannot merely be a covenant of personal benefit to the original contracting party.

Can I get a restrictive covenant removed? If there is a covenant on your property which is obsolete, you can make an application to the Upper Tribunal (Lands Chamber) (which use to be known as the Lands Tribunal) asking for the covenant to be discharged or modified.

As restrictive covenants don't 'expire', if they are breached the person with the benefit of the covenant can enforce them against you.

As the name implies, a restrictive covenant is an agreement that restricts one of the parties in a contract from taking specific actions. For example, a restrictive covenant may limit how much public companies pay their shareholders in dividends. It may also place a cap on executive salaries.

Racially restrictive covenants, in particular, are contractual agreements among property owners that prohibit the purchase, lease, or occupation of their premises by a particular group of people, usually African Americans.

As part of the agreement to purchase the property, you have to agree to use the property as a residence only; you may not operate a business from the home. You agree to do so and purchase the property. The agreement you made to refrain from using the home as a business is an example of a restrictive covenant.

A restrictive covenant is a promise included in a legal agreement that prevents one party to the contract from taking a specific action. When a party enters into a restrictive covenant, he/she agrees to refrain from doing something or from using a property in a certain way that is restricted by the contract.

Trusted and secure by over 3 million people of the world’s leading companies

Kings New York Agreement Creating Restrictive Covenants