Shalimar Fountains Condominiums

What Shalimar Fountains Condominiums's governing documents say

Shalimar Fountains Condominiums is a commercial office condominium in Mesa, Arizona, comprising 123 units across seven buildings. Unit owners own their individual spaces while sharing ownership of the structure, grounds, and common elements; the association maintains these shared assets through mandatory assessments based on each unit's floor area percentage.

• What you own & maintain: You own your office unit; the association owns and maintains the shared structure, grounds, parking areas, and mechanical systems. Each owner's share of common elements is proportional to their unit's floor area as a percentage of total project floor area.
• Common expense assessments: Annual assessments cover operation, maintenance, utilities, insurance, management, and reserves for common elements; collected monthly, quarterly, or semi-annually based on your unit's percentage interest. The Board may charge disproportionate insurance costs to units whose use increases premiums.
• Parking: Parking spaces are reserved by building—each building's units have exclusive use of a numbered set of spaces. Units within a building may further allocate their building's spaces among themselves by recorded agreement.
• Modifications & architectural control: No alterations, additions, or improvements to common elements (including pipes, ducts, wiring, and HVAC systems in your unit) are permitted without Board written consent; minor repairs incidental to maintaining your unit are allowed.
• Insurance & liability: The association maintains comprehensive insurance (fire, liability, casualty, workers' compensation); all owners waive subrogation rights and claims against each other and the association for losses covered by insurance.
• Voting & governance: Each unit owner has one vote per unit. Voting rights suspend automatically if you fall 30+ days behind on assessments or are in default of covenants until you cure the delinquency.
• Assessment liens & enforcement: Unpaid common expenses and special assessments create automatic liens on your unit with priority equal to mortgage liens; the association can pursue collection and foreclose on delinquent accounts.

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.