Agreement Creating Restrictive Covenants

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					                     Agreement Creating Restrictive Covenants

      We, the undersigned Owners of real property in (Name of City), (Name of
County) County, (Name of State), in the Block bounded as described in Exhibit A
attached hereto and made a part hereof.

      This Agreement is being made for the purpose of maintaining fair and adequate
property values in the Block and of continuing the Block as a desirable residential part
of (Name of City).

       Now, therefore, for and in consideration of the mutual covenants contained in this
Agreement, and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows:

1.    Owners agree with one another that none of us, or our heirs, executors,
administrators, or assigns, will ever (state restrictive covenants).

2.     Any deed, lease, conveyance, or contract made in violation of this Agreement
shall be void and may be set aside on petition of one or more of the parties to this
Agreement, and all successors in interest, heirs, executors, administrators, or assigns,
shall be deemed parties to this Agreement to the same effect as the original signers;
and when any such conveyance or other instrument is set aside by decree of a court of
competent jurisdiction; all costs and all expenses of such proceedings shall be taxed
against the offending party or parties, and shall be declared by the court to constitute a
lien against the real estate so wrongfully deeded, sold, leased, or conveyed, until paid,
and such lien may be enforced in such manner as the court may order.

3.     This Agreement constitutes a mutual cove
				
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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 covenant. For example, there may be a covenant that no mobile home shall be placed on the property. A restrictive 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 declar
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PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),