Parkwood Ranch Marketplace

What Parkwood Ranch Marketplace's governing documents say

Parkwood Ranch Marketplace is a commercial shopping center development in Mesa, AZ. These CC&Rs govern the owners (fee simple holders of parcels) and their tenants. The rules cover shared easements, common area maintenance, development standards, and assessments for ongoing costs.

• Property type & who it's for: This is a commercial/retail development. Owners are fee simple holders of individual parcels; tenants and other occupants are permittees. Residential use is not contemplated.
• Easements & shared access: All parcel owners and their permittees have easements over common areas for access, parking, utilities, drainage, and signage. Owners cannot unreasonably interfere with each other's business operations.
• Common areas & parking: Common areas are for vehicular and pedestrian access, parking, loading, and related uses. Parking must be in designated spaces; employee parking may be restricted to designated areas. No reserved parking without Declarant's consent.
• Development & construction approvals: All construction, exterior alterations, and signage require prior written approval from Declarant (developer). Buildings must be within building envelopes, meet height/coverage limits, and conform to design guidelines. Construction must be completed within 12 months.
• Assessments & cost sharing: Declarant maintains common areas and bills owners based on leasable floor area proportion. Assessments cover maintenance, insurance, management fees, and reserves. Late payments accrue interest at the Default Rate (15% or 5% plus Fed discount rate).
• Signs: All signs require Declarant and City approval. Pylon signs (shared monument signs) are maintained by Declarant; owners pay for their own panels and must keep them in good repair. Blank panels are required if a business closes.
• Insurance & indemnification: Declarant may carry property and liability insurance for common areas; costs are passed to owners. Each owner indemnifies Declarant and other owners for claims from their parcel or easement use. Owners waive subrogation rights against each other.

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.