Lakeshore Terrace Townhome Owners Association, Inc.

What Lakeshore Terrace Townhome Owners Association, Inc.'s governing documents say

This is a set of ancillary documents for Lakeshore Terrace, a townhome community in Flower Mound, TX. The documents are individual 'Restrictive Covenant and Agreement' forms between the builder and each original owner, not the community's full HOA rulebook. They primarily govern dispute resolution and warranty matters between the builder and the original purchaser, and they run with the land.

• Dispute resolution (mediation & arbitration): Any dispute between the owner and builder (including warranty, tort, or property damage claims) must first go to mediation, then binding arbitration under the Federal Arbitration Act, not court. The owner is not initially required to pay arbitration costs exceeding what court filing would cost.
• Warranty & construction standards: The only express warranty is the builder's written Limited Warranty; all implied warranties (e.g., good and workmanlike construction) are waived. If repair costs exceed 30% of the home's fair market value, the builder may elect to repurchase the property under Texas law.
• Mold & maintenance responsibility: The owner is responsible for maintaining the home to prevent mold, including regular cleaning, controlling humidity, and promptly repairing leaks. The builder disclaims any warranty regarding mold or biological impurities.
• What this document doesn't cover: These documents are not the full HOA covenants, conditions, and restrictions. They do not cover HOA fees, architectural review, pet rules, leasing restrictions, or other community regulations. Those would be in the community's separate declaration or bylaws.

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.