CharlieM1 (Colorado)
Posts: 6
Posts: 6
Posted:
I'm looking for advice on how the renewal / changing of the covenants would be interpreted. The complete wording is as follows:
ARTICLE 12 – TERMS OF COVENANTS
These covenants and restrictions are to run with the land and shall remain in full force and effect to ten years from the date these covenants are recorded in the office of the Clerk and Recorder in Fremont County, after which time said covenants shall be automatically extended for successive periods of ten years, unless an instrument signed by not less than two-thirds of the land owners of the parcels has been recorded, changing said covenants in whole or part.
I understand that they will renew, automatically, as they stand every 10 years. What I am unclear about is, if they are to be changed, can this only be done (with the noted majority) at the end of a 10 year cycle?, or can they be changed at any time as long as the required majority is achieved?
ARTICLE 12 – TERMS OF COVENANTS
These covenants and restrictions are to run with the land and shall remain in full force and effect to ten years from the date these covenants are recorded in the office of the Clerk and Recorder in Fremont County, after which time said covenants shall be automatically extended for successive periods of ten years, unless an instrument signed by not less than two-thirds of the land owners of the parcels has been recorded, changing said covenants in whole or part.
I understand that they will renew, automatically, as they stand every 10 years. What I am unclear about is, if they are to be changed, can this only be done (with the noted majority) at the end of a 10 year cycle?, or can they be changed at any time as long as the required majority is achieved?