Holly Hollows

What Holly Hollows's governing documents say

This is a single-property deed restriction (not a full neighborhood rulebook) recorded for a home at 2617 Nelwin Pl in the Holly Hollows Addition, Arlington, TX. It binds the current and future owners to repay a portion of a government subsidy (the Direct Subsidy) if the home is sold or refinanced within a 60-month Retention Period. This document is an ancillary, owner-specific covenant — it does not contain standard HOA or community-wide rules.

• Retention Period & Subsidy Repayment: If the home is sold during the 60-month Retention Period, the owner must repay a pro-rata share of the Direct Subsidy from any net gain, reduced by 1/60 for each month the owner has owned the property. The same applies upon a refinancing, unless the property remains subject to the restrictions.
• Subordination to Prior Liens: This deed restriction is subordinate to any valid outstanding lien against the property recorded at the time of this document. Foreclosure of a prior lien extinguishes these restrictions.
• Covenant Running with the Land: The restrictions are binding on the current owner and all future owners, heirs, and assigns who acquire any interest in the property.
• Governing Law & Venue: The instrument is governed by Texas law, and any enforcement action must be brought in Tarrant County, Texas.
• What this document doesn't cover: This document does not include typical HOA or condominium rules such as pet restrictions, leasing terms, architectural control, parking, maintenance responsibilities, or common area use. It only addresses the subsidy repayment obligation and related legal provisions.

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.