Acoma Business Center Owners Association, Inc.

What Acoma Business Center Owners Association, Inc.'s governing documents say

Acoma Business Center is a commercial condominium project in Phoenix, Arizona — you own your individual office or industrial unit and share ownership of parking areas, driveways, landscaping, and other common facilities. All units are strictly restricted to commercial, industrial, or office purposes; no residential use is permitted.

• What you own & maintain: You own your unit's interior and hold an undivided interest in shared parking, driveways, landscaping, sidewalks, and retention basins. Limited common elements like exterior doors, windows, and landscaping serving your unit are allocated exclusively to you. You must keep your unit in good repair; the association maintains other common elements but can enter and repair yours at your expense if you don't meet maintenance standards.
• Commercial use only: All units are strictly restricted to commercial, industrial, or office use; no residential use is permitted. Noxious, offensive, or unsafe activities are prohibited; the Board also bans or restricts specific items like window air conditioners, satellite dishes, exterior speakers, and reflective window materials.
• Architectural review & approval: Any exterior work, alterations, additions, fences, walls, or structural changes require written Board approval before proceeding. The Board has 30 days to review; if complete plans are submitted and the Board fails to act within the deadline, approval is deemed granted (assuming local permits are obtained).
• Signage restrictions: Only dignified name and/or address signs are permitted on units; all other signage is prohibited. Any sign requires Board approval before installation.
• Parking & vehicles: The Board can prohibit any motor vehicle it determines creates loud noise or whose parking or storage is deemed unsightly or detracts from the project; the Board's determination is conclusive and final.
• Assessments & fees: Annual assessments are apportioned by each unit's undivided interest in common elements and cover management, insurance, repairs, utilities, reserves, and operating costs. The Board can levy special assessments (requiring 51% owner vote) for major repairs; unpaid assessments accrue 18% annual interest and can be foreclosed like a mortgage.
• Board governance & development control: The developer (Declarant) initially appoints all Board members and retains broad control rights, including authority to add land, subdivide units, and amend the declaration. Board control transitions to owner election after either 75% of units are sold or 4 years after the developer stops offering units.

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.