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Form #651Alienation of Property
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Alienation of property.
No sublot of the property conveyed shall be occupied,
leased, rented, conveyed, or otherwise alienated, nor shall the title or
possession pass to another, without the written consent of the _________
Company, except that _________ Company may not withhold consent if and after a
written request has been made to _________ Company to permit occupation,
leasing, renting, conveying, or alienation by a majority of the owners of the
sublots [which are subject to the same restrictions as in section No. _________
set forth and which adjoin or face the sublot concerning which the consent is
requested] upon both sides of the street or streets the sublot [as to which
consent is requested] fronts or abuts and within a distance of _________
sublots from the respective sidelines of the sublot [as to which consent is
requested], except (1) transfer of title by way of devise or inheritance, in
which case the devisee or heir shall take the property subject to the
restrictions imposed, and except (2) that the sublot may be mortgaged or
subjected to judicial sale, though in no case shall a purchaser of the premises
at judicial sale have any right to occupy, lease, rent, convey, or otherwise
alienate the premises without the written consent of _________ Company first
obtained in the manner stated above.
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or any other commercial use is prohibited. This includes reposting forms from this
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form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
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Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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