Devonshire Village 4 C

What Devonshire Village 4 C's governing documents say

This is a Declaration of Restrictive Covenants recorded for a single residential lot (Lot 57, Block 15, Devonshire Village 4 C) in Forney, TX. It is not a full HOA rulebook; it primarily imposes dispute resolution procedures (mandatory arbitration and mediation) and waives jury trial rights for claims against the builder. The covenant expires 15 years after the closing date (January 2021). This document binds the original buyer and all future owners of this lot.

• Dispute resolution (mandatory arbitration/mediation): Any dispute arising from the property purchase or construction must first go to mediation, then to binding arbitration (not court), under AAA rules. Purchaser pays up to $375 or the Home Construction Rules fee (whichever is less) for filing; Seller pays the rest. Arbitrator must have 5+ years experience.
• Waiver of jury trial: If mandatory arbitration is not enforced, both parties waive the right to a jury trial; all disputes will be decided by a judge in the county where the property is located.
• Term & expiration: The covenant has a 15-year term starting on the closing date (January 4, 2021), after which it automatically expires except for any ongoing proceedings at that time.
• Limitations on claims: Any action or claim related to the property or contract must be brought within 2 years of the closing date, unless proven otherwise. Damages are limited – no special, indirect, consequential, or mental anguish damages.
• Seller's special remedy options (rescission/repurchase): Seller may elect rescission as the sole remedy after a dispute, refunding the purchase price plus improvements, and buyer must deed the property back. Alternatively, under Texas law, Seller may repurchase the property if repair costs exceed 20% of its fair market value.
• What this document doesn't cover: This document does not contain typical HOA rules: no pet restrictions, parking rules, architectural guidelines, maintenance obligations, or assessments. It applies only to this specific lot and addresses legal procedures between the buyer and builder/seller.

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.