Lone Star Ranch Addn

What Lone Star Ranch Addn's governing documents say

These are individual "Restrictive Covenant and Agreement" documents recorded for specific lots (Lot 21, Block C and Lot 1, Block C) within the Lakeside @ Lone Star Ranch Addition in Frisco, Texas. They are not community-wide HOA rules but rather ancillary agreements between the original builder (Sotherby Homes) and the lot owner that run with the land. Their purpose is to waive implied warranties on the home and to require mediation/arbitration for construction disputes. As partial documents, they do not set community rules on leasing, pets, parking, or other typical HOA matters.

• Waiver of implied warranties: The owner agrees that the builder makes no implied warranties (e.g., habitability, good workmanship) on the property or improvements. To the extent law prohibits full disclaimer, any implied warranties are limited to two years from the date the builder conveyed the property. Only written limited warranties provided separately apply.
• Dispute resolution: mediation & arbitration: Any dispute arising from construction, design, warranties, or the sale must first be mediated through the American Arbitration Association (AAA). If mediation fails, the dispute goes to binding arbitration under AAA's Construction Industry Arbitration Rules, governed by federal or state arbitration acts.
• Property accepted 'as is': The owner acknowledges the improvements are complete as accepted, takes the property 'AS IS, WITH ALL FAULTS,' and releases the builder from all claims except those under the express limited warranty.
• Agreement runs with the land: This covenant binds the original owner and all future owners of the property, their heirs, successors, and assigns. It is recorded in the county real property records.
• What this document doesn't cover: This document does not address typical HOA or neighborhood rules such as leasing restrictions, pet limits, parking, architectural guidelines, common area maintenance fees, or any other community-wide standards. Those would be found in the subdivision's separate declaration of covenants, conditions, and restrictions (CC&Rs), which are not included 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.