Legacy

What Legacy's governing documents say

This is a Reciprocal Easement Agreement between two commercial property owners (Clifford/Legacy Development Partners and JBJ Development, Ltd.) governing two parcels in the northeast quadrant of Clifford Street and Legacy Drive, Fort Worth, Texas. It is not a residential homeowners' association or condominium document — it applies to commercial/retail development and binds the owners of the parcels, not individual homeowners or tenants. The document establishes shared easements, common area maintenance responsibilities, sign restrictions, and mutual indemnification for the commercial properties.

• Easements & Access: Each owner grants non-exclusive easements for vehicular and pedestrian ingress/egress over specified portions of their parcel (e.g., Legacy Access Easement, Future Street Easements) for the benefit of the other parcel. Utility easements are also granted for water, drainage, electrical, and other utility lines.
• Common Areas & Maintenance: Common areas (areas not occupied by buildings) are to be used for access, circulation, and customer convenience. Each owner must maintain the common areas on its parcel, including paving, cleaning, lighting, landscaping, and drainage, at its own expense.
• Signs: Each owner may erect building signs on the interior and exterior of its buildings, but no roof signs without all owners' written consent. Each owner may also erect a pylon sign on its parcel, subject to local ordinances.
• Insurance & Indemnification: Each owner must maintain liability insurance with at least $1,000,000 per occurrence. Owners indemnify each other against claims arising from use of their parcel. They waive subrogation rights for fire and extended coverage losses.
• Damage, Destruction & Eminent Domain: If a building is damaged, the owner may rebuild or tear it down and maintain the land. No owner is required to spend beyond insurance proceeds. In eminent domain, the fee owner receives the award attributable to its land; other owners may only claim separate collateral damages.
• Use Restriction (Pharmacy / Drug Store): While the Eckerd lease is in effect, no portion of the Clifford/Legacy Parcel may be used for a pharmacy or prescription drug sales, except a grocery store of at least 30,000 sq ft may operate a pharmacy as an incidental use.
• Duration & Modification: The agreement lasts 65 years from the date of recording. It can only be modified by a written instrument executed by all current owners (and Eckerd, if its lease is in effect).
• Default & Enforcement: If an owner fails to perform obligations, other owners may cure and demand reimbursement; unpaid amounts become a lien on the defaulting owner's parcel. Injunctive relief is available for violations.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.