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Protective covenants, as provided by the indenture, blend the use and protect the value of certain properties to the benefit of the purchasing public. Covenants are often encountered in most quality neighborhoods today.
The advantage of protective covenants is the placement of particular limitations on real property that will enhance its value and bring together those persons of like interests.
Click here to read about Tierra Grande's Protective Covenants.
Amendment to Protective Covenants - 2013
The indenture is a contract regarding property use in Tierra Grande Subdivision, and is recorded in the appropriate County Clerks' offices. The indenture defines the structure of and sets forth the guidelines for the Architectural Control Committee, Tierra Grande Improvement Association, and the implementation of the protective covenants. Additionally, the indenture describes the uses and administrative features of the land.
The Indenture has been extended by a majority vote of over 70% the membership. Thus, the Indenture has been adopted into the Covenants amended in 2013. The Indentures will continue until such time as a majority of the members vote to amend the covenants to remove the Indenture. Please see the link above under the Covenants.
Click here to read about Tierra Grande's indenture.