Parties
Identify grantor(s) and grantee(s) with full legal names and entity types to ensure obligations bind the correct legal persons.
A well-drafted exhibit reduces title risk, improves underwriting clarity, and limits post-closing disputes by making rights and obligations explicit. It protects future purchasers and lenders by providing written, recordable notice of limitations on use, access, and alteration.
Professionals on transactions rely on the exhibit to confirm encumbrances and to advise clients during due diligence.
Each participant uses the exhibit differently — prepare it with accurate legal descriptions and recording instructions to meet those needs.
Identify grantor(s) and grantee(s) with full legal names and entity types to ensure obligations bind the correct legal persons.
Provide the full legal description and parcel identifier (APN) used for county recording and title searches to avoid ambiguity.
List specific covenants, easements, use limits, setback lines, and any permitted exceptions or reserved rights in plain language.
State effective date, expiration, renewal conditions, or whether restrictions run with the land indefinitely.
Describe remedies, responsible parties for enforcement, and any notice or cure periods before sanctions or injunctions apply.
Specify county recording instructions, book/page or instrument number references, and notary/acknowledgement requirements.
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