Light Farms Homeowners Association, Inc.

What Light Farms Homeowners Association, Inc.'s governing documents say

This is a Declaration of Restrictive Covenants for a single-family home in the Light Farms community in Richardson, TX, recorded for a specific property purchase. It is not a full HOA rulebook; it focuses on dispute resolution and legal remedies between the buyer and the builder/seller, Perry Homes.

• Dispute resolution (mediation & arbitration): Any dispute related to the property or contract must first go to mediation, then to binding arbitration (not court), with a single arbitrator unless a party requests a 3-arbitrator panel (paying extra costs). Arbitrators must have at least 5 years of experience.
• Waiver of jury trial: You waive your right to a jury trial for any dispute covered by this declaration.
• Time limit for claims: Any claim against the seller must be brought within 2 years of the closing date, and you waive any longer limitations period.
• Seller's remedies (rescission & repurchase): The seller can elect to rescind the sale (refund the purchase price) or repurchase the property under certain conditions, as its sole remedy for disputes, rather than paying damages.
• Limitation of damages: You cannot recover indirect, consequential, punitive, or special damages (like lost profits or mental anguish) from the seller; damages are limited to those under the Texas Residential Construction Liability Act.
• What this document doesn't cover: This document does not contain community rules about pets, leasing, parking, architectural review, or assessments. Those would be in the Light Farms HOA's separate CC&Rs.

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.