Thomas Plaza

What Thomas Plaza's governing documents say

Thomas Plaza is a commercial condominium in Paradise Valley, AZ — you own one of 11 office units plus an undivided share of common elements. The association maintains the building structure and common areas, funded by per-unit assessments. All units are restricted to professional or commercial office use only; no residential occupancy is allowed.

• What you own & maintain: You own the interior of your unit; the association maintains exterior walls, structural components, common elements, and shared utility systems. Unit owners are responsible for interior finishes, fixtures, and decorating, and must maintain their own windows and glass doors.
• Use restrictions: Units may be used only for professional and commercial office purposes. No residential, immoral, or unlawful use is permitted. Nuisances and activities that increase insurance rates are prohibited.
• Leasing & rentals: Units may be leased or subleased, but the association has a right of first refusal: before selling or leasing to a third party, the owner must first offer the unit to the association on the same terms. No minimum lease term is stated.
• Signs & exterior changes: No advertising or business signs may be placed on exterior walls or common elements except one 'For Rent' or 'For Sale' sign per unit (max 5 sq ft) with board approval. No fences, hedges, or walls may be erected without board approval. Exterior painting or decoration requires prior written approval.
• Assessments & fees: Each unit pays a proportionate share of common expenses based on its undivided interest (percentages listed in the declaration). Assessments are set annually by the board and paid monthly. Unpaid assessments bear interest and become a lien on the unit, enforceable by foreclosure.
• Governance & voting: The association (Thomas Plaza Association, Inc.) is governed by a 3-member board. Each unit owner has votes equal to their percentage interest in common elements. Board may adopt reasonable rules with majority owner approval.

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.