Serene Villas of Keller HOA

What Serene Villas of Keller HOA's governing documents say

This is a restrictive covenant agreement between the original buyer and builder (Lionsgate Homes) for a specific lot in Serene Villas of Keller, Texas. It is not a community-wide HOA rulebook but a purchase-related agreement covering dispute resolution, warranties, and maintenance responsibilities. It binds the original parties and their successors, so future owners should be aware of its terms.

• Dispute resolution: Any disputes between buyer and seller (or their successors) are subject to mandatory mediation followed by binding arbitration, with a waiver of trial by jury if arbitration is deemed unenforceable.
• Construction defect remedies: Within the first five years, if the cost to repair construction defects exceeds 30% of the property's fair market value, the builder may repurchase the property under Texas Property Code terms, reimbursing the buyer for the original price, closing costs, and approved improvements.
• Express warranties and limitations: The only express warranty is the limited warranty provided by the builder's warranty group; all implied warranties (e.g., workmanlike construction, habitability) are expressly disclaimed, except as required by law.
• Mold and biological impurities: The seller provides maintenance guidance to prevent mold but disclaims any warranty or expectation regarding mold or other biological impurities.
• Insurance and subrogation: The buyer must maintain property insurance covering risk of loss, and both parties waive subrogation rights against each other for insured losses. If the buyer receives third-party settlement, they must indemnify the seller.
• Drainage and grading: After conveyance, any changes to grading or soil by the buyer can disrupt drainage; the buyer releases the seller from liability for such changes.
• Binding on successors: The agreement is binding on the original parties and transfers to their heirs, executors, assigns, and any future owners of the property.
• What this document doesn't cover: This document does not contain typical HOA rules such as pet restrictions, leasing minimums, architectural review, or assessments. It is a builder-buyer covenant, not a full community rulebook.

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.