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.
The Oklahoma Agreement Creating Restrictive Covenants refers to a legal document that outlines and establishes specific limitations and regulations on the use and development of real property within the state of Oklahoma. It typically involves an agreement between two or more parties that imposes certain restrictions, conditions, or obligations on the landowners or property users. Restrictive covenants are common in real estate transactions and aim to maintain a consistent and desirable neighborhood environment, protect property values, and ensure conformity to a certain standard. These agreements can be found in various contexts, such as residential, commercial, or industrial properties. In residential settings, the Oklahoma Agreement Creating Restrictive Covenants may include provisions related to the acceptable property uses, building designs, landscaping requirements, and limitations on the height or type of structures that can be built. It could also cover restrictions on noise levels, parking, or the operation of certain businesses from residential properties. Commercial or industrial restrictive covenants may focus on regulating the types of businesses that can operate within certain areas, permissible signage, parking regulations, and limitations on activities that may be considered disruptive or incompatible with the intended use of the property. Different types of Oklahoma Agreement Creating Restrictive Covenants may exist depending on the specific needs and objectives of the parties involved. For example, subdivisions or planned communities often have homeowner associations (Has) that establish covenants to maintain a particular aesthetic appeal and quality of life within the neighborhood. These could include guidelines on property maintenance, trash disposal, recreational facilities, and even rules about pets. Some restrictive covenants may also have duration limits, while others may be perpetual and binding upon subsequent property owners. The terms of these agreements are generally consensual and become legally enforceable obligations when agreed upon by all parties involved. Violation of the covenant may result in legal action and possible remedies such as monetary damages or injunctions. It is important for property owners, buyers, and tenants to carefully review and understand the terms, conditions, and obligations of the Oklahoma Agreement Creating Restrictive Covenants before entering into any legal agreement. Consulting with a real estate attorney or examining public records related to the property can provide further insights into the specific restrictions that may apply.
