Devonshire Village 13B

What Devonshire Village 13B's governing documents say

This is a single-lot Declaration of Restrictive Covenants recorded by the builder, Perry Homes, for a specific home in Devonshire Village 13B (Forney, TX). It binds the current and future owners of that property primarily to mandatory arbitration, jury waiver, and limitations on claims against the builder — it is not a community-wide HOA rulebook. The covenants run with the land for 15 years from the closing date (April 2024), then automatically expire except for ongoing disputes.

• Term: The covenant lasts 15 years from the closing date (starting April 2024), then automatically expires. It only survives for disputes already in progress at expiration.
• Dispute resolution (Mediation & Arbitration): Any dispute between the owner and Perry Homes must first go to mediation (costs split). If not resolved, the dispute must go to binding arbitration under the Federal Arbitration Act — no court trial allowed. The owner pays the lesser of $375 or the AAA Home Construction Rules fee to start; the builder pays the rest. Arbitration is by a single arbitrator with at least 5 years' experience.
• Jury trial waiver: If arbitration is somehow not enforced, both parties agree to a bench trial (judge only, no jury) in the county where the property is located. The owner explicitly waives the constitutional right to a jury trial.
• Limitation of claims & damages: Any claim related to the property or contract must be filed within 2 years after the closing date (presumed accrual date). Damages are capped at the purchase price and limited to what the Texas Residential Construction Liability Act allows. No special, indirect, consequential, or punitive damages, and no mental anguish.
• Seller's rescue options: After a dispute, Perry Homes may choose to rescind the sale (buy back the property at the purchase price plus improvement costs) or, under Texas law, repurchase the home if repair costs exceed 5% of the current market value. The owner cannot seek specific performance or file a lis pendens against the property.
• What this document doesn't cover: This document only contains dispute resolution and liability limitations between the builder and property owner. It does not set any community-wide rules on pets, parking, architectural changes, landscaping, or rental restrictions. Those would be in separate subdivision covenants (not provided here).

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.