Georgetown at Kings Fort 2B

What Georgetown at Kings Fort 2B's governing documents say

These are not the community's governing documents. They are restrictive covenants recorded for specific lots in Georgetown at Kings Fort 2B, but they are builder-owner contracts (New Residence Construction Contract) filed to bind subsequent owners. They primarily address dispute resolution, warranty limitations, and mold liability, not typical HOA rules. Anyone seeking association rules (pets, leasing, architecture, assessments) will not find them here.

• Mandatory dispute resolution: All disputes between owner and builder must first go to mediation, then binding arbitration. Court actions are waived; filing a lawsuit does not waive the right to arbitration.
• Warranty limitations: Owner waives any implied warranties (including good and workmanlike construction) and accepts only a limited express warranty. Builder disclaims all warranties on appliances and equipment, assigning manufacturer warranties to owner.
• Mold and biological impurities: Builder disclaims any warranty or liability for mold, mildew, or biological impurities. Owner releases builder from all claims related to these, and owner bears maintenance responsibility.
• Repair cost threshold / builder repurchase option: If the reasonable cost to repair a construction defect exceeds 20% of the home's then-current fair market value (excluding the defect's value), builder may elect to repurchase the property under Texas Property Code Section 27.004.
• Recording and binding effect: This agreement is recorded in the county records and runs with the land, binding all future owners, heirs, and assigns.
• Insurance subrogation waiver: Owner must obtain insurance policies that waive the insurer's subrogation rights against builder, and owner agrees not to assign any rights to an insurer for claims against builder.
• What this document doesn't cover: This document does not contain community-wide rules such as pet limits, leasing restrictions, parking rules, architectural guidelines, noise policies, or assessment amounts. Those would be found in the subdivision's actual declaration of covenants, conditions, and restrictions (CC&Rs) or HOA bylaws, 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.