How Maronda Homes Uses This Clause
Maronda Homes purchase agreements have been documented to include monthly payment suppression / hidden costs provisions. Production builder contracts typically grant the builder broad discretion over the construction schedule, including the right to extend the estimated completion date without penalty. Buyers may have limited recourse if the home is not completed by the expected date, while the builder retains the right to enforce the buyer's closing obligations once construction is complete. (Source: common production builder contract pattern; buyers should verify in their specific agreement)
This provision typically appears within the purchase agreement alongside other terms that may limit buyer remedies.
Maronda Homes's scale means contract templates are largely standardized across its operations. A clause identified in one market's contract is likely present in other markets' contracts, though local addenda may modify the terms.
Builder-Specific Details
Combined with Deposit Forfeiture
Buyers who discover true costs after signing face forfeiting their deposit if they back out.
Standard Form Contract
This clause appears in Maronda Homes's standard purchase agreement, which is generally presented on a take-it-or-leave-it basis. Buyers typically have limited ability to negotiate individual terms, though making the request in writing is still advisable.
State-by-State Enforceability
Enforceability of this clause varies by state. The following reflects Maronda Homes's operating states.
| State | Status | Note |
|---|---|---|
| Florida | Uncertain | Florida does not have a specific statute addressing monthly payment suppression in builder... |
| Ohio | Uncertain | Ohio does not have a specific statute addressing monthly payment suppression in builder marketing.... |
| Pennsylvania | Uncertain | Pennsylvania does not have a specific statute addressing monthly payment suppression in builder... |
| Georgia | Uncertain | Georgia does not have a specific statute addressing monthly payment suppression in builder... |
Related Clauses in Maronda Homes Contracts
This clause often works in combination with other provisions in Maronda Homes's purchase agreements.
Buyers who discover true costs after signing face forfeiting their deposit if they back out.
Closing penalties discourage buyers from delaying to investigate payment discrepancies.
The affiliated lender may present suppressed payment estimates, and incentives encourage buyers to use that lender.
What Buyers Can Do
- Independently verify your projected monthly payment. Do not rely solely on estimates from the builder's affiliated lender. Get a loan estimate from at least one independent lender for comparison.
- Ask about temporary rate buydowns. Determine whether any quoted rate includes a temporary buydown that will expire, causing your payment to increase after the introductory period.
- Have the full contract scanned before signing. This clause is often one of several interconnected provisions in Maronda Homes contracts that collectively limit buyer remedies. A contract scan can identify all of them.