Walden Pond South

What Walden Pond South's governing documents say

Walden Pond South (Forney, TX) is a single-family home community. The provided documents are individual 'Restrictive Covenant and Agreement' forms between the builder (Mattamy Texas LLC) and each homeowner, not a full community rulebook. These agreements run with the land and primarily govern dispute resolution, warranty limitations, and mold maintenance responsibilities for the original owner.

• Dispute resolution: mandatory arbitration: Any dispute between owner and builder regarding the property or improvements must be resolved through binding arbitration, not in court, under the Federal Arbitration Act. The owner is not required to pay unreasonable arbitration costs or fees.
• Warranty: limitation and waiver of implied warranties: The only express warranty is the Limited Warranty provided by the builder. All implied warranties (e.g., good and workmanlike construction, merchantability) are waived and replaced by the Limited Warranty. The owner must deliver a copy of the Limited Warranty to any future purchaser.
• Builder's repurchase option: If the reasonable cost to repair a construction defect exceeds 30% of the current fair market value of the improvements, the builder may elect to repurchase the property under Texas Property Code § 27.0042.
• Mold maintenance responsibility: The owner is responsible for maintaining the home to prevent mold growth, including controlling humidity, ventilating kitchens and bathrooms, promptly cleaning spills, and inspecting for leaks. The builder disclaims any warranty regarding mold or biological impurities.
• Covenant runs with the land: This agreement is binding on the original owner and all future owners, heirs, successors, and assigns of the property.
• What this document doesn't cover: These agreements do not contain any community-wide rules such as HOA fees, pet restrictions, rental policies, parking rules, or architectural guidelines. They are limited to the builder-homeowner relationship for the individual property.

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.