"This Covenant shall cease to apply in the event of a foreclosure or transfer of title by deed in lieu foreclosure affecting the Partnership Parcel." Except as amended hereby the Covenant shall remain in full force and effect.
Salt Lake City Utah Amendment to Age Restriction Covenant is a legal provision that pertains to specific age restrictions imposed on certain properties or neighborhoods within Salt Lake City, Utah. This covenant is designed to regulate and enforce age restrictions to maintain the desired demographic composition and atmosphere of a particular community. The primary purpose of the Salt Lake City Utah Amendment to Age Restriction Covenant is to ensure that only individuals who meet the specified age criteria can reside in or own property within the designated area. This can include age-restricted communities for older adults, retirement communities, or age-restricted subdivisions. In Salt Lake City, there may be various types of Amendments to Age Restriction Covenants, each with its own specific guidelines and requirements. These could include: 1. Age-Restricted Communities for Older Adults: These amendments typically restrict residency or ownership to individuals aged 55 and above. Such communities often offer amenities and services tailored to the needs and preferences of older adults, fostering an environment for active and independent living. 2. Retirement Communities: Amendment to Age Restriction Covenants may also apply to retirement communities, which cater to individuals who have retired from active employment. These communities often provide a range of amenities, including recreational facilities, social activities, and healthcare services. 3. Age-Restricted Subdivisions: Some Salt Lake City neighborhoods or subdivisions may have specific age restrictions in place. These amendments may require residents or property owners to meet a minimum age requirement, such as 18 or 21 years, to reside in or purchase property within the designated area. It is essential for both buyers and sellers of properties within Salt Lake City to be aware of any existing Age Restriction Covenants. Potential buyers should review the specific requirements outlined in the amendment before making a purchase decision. Conversely, property owners must ensure compliance with these covenants to avoid any legal complications or disputes. In conclusion, the Salt Lake City Utah Amendment to Age Restriction Covenant encompasses various types of age-restricted communities, retirement communities, and age-specific subdivisions. These covenants aim to maintain the desired demographic composition and lifestyle within designated areas, ensuring a suitable living environment for residents who meet the specified age criteria.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
