This land use restriction agreement template has 4 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our land use restriction agreement template:
LAND USE RESTRICTION AGREEMENT This Land Use Restriction Agreement (the "Agreement") is effective on [DATE], BETWEEN: [NAME OF GRANTOR], (the "Grantor") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF GRANTEE], (the "Grantee") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Grantor is the owner of a certain parcel of land located at [ADDRESS OF LAND] (the "Land") and desires to impose restrictions on the use of the Land; NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: PURPOSE The purpose of this Agreement is to impose restrictions on the use of the Land located at [ADDRESS OF LAND]. The Grantor hereby covenants and represents that they are the owner of the Land and have the right to impose restrictions on its use. RESTRICTIONS The Grantor hereby restricts the use of the Land as follows: [SPECIFY THE RESTRICTIONS]. DURATION OF THE RESTRICTIONS The restrictions set forth in this Agreement shall run with the Land and shall be binding on the Grantor, the Grantee, and their respective heirs, executors, administrators, assigns, and successors, in interest. The restriction shall continue in full force and shall be effective for [NUMBER OF YEARS OR MONTHS] from the date of this Agreement. ENFORCEMENT The restrictions set forth in this Agreement shall be enforceable by the Grantor, the Grantee, and any other Person or entity having an interest in the Land. INDEMNIFICATION The Parties agree that each will defend, indemnify and hold harmless the other for all claims, demands, actions, suits, proceedings, judgments, damages, losses, costs and expenses, including without limitation reasonable attorneys' fees, incurred by one Party (the "Indemnitee") to the extent resulting from any claim or action brought or threatened for acts or omissions of the other Party (the "Indemnitor"), and/or of the Indemnitor's servants, employees, agents, licensees or invitees for any breach, violation and/or nonperformance of any covenant or provision of this Agreement applicable to the Indemnitor or negligence or any willful misconduct of the Indemnitor. This indemnification will remain in effect after the termination or expiration of this Agreement. TERMINATION Notwithstanding any provision to the contrary, this Agreement may be terminated at any time prior to the Effective Time by either Party. In the event of such termination, this Agreement shall become void and no Party or any of its officers and directors shall have any liability to any Person by reason of this Agreement. FORCE MAJEURE No Party (or any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of force majeure
