Cotton Center Commons

What Cotton Center Commons's governing documents say

Cotton Center Commons Phase 1 is a commercial condominium in Phoenix, AZ — you own a unit (designated A, B, C, or D) and share the common elements. Residential use is strictly prohibited. This document is the main rulebook for unit owners (typically businesses or developers) and their tenants.

• Permitted & prohibited uses: Units may be used for development, construction, leasing, and operation consistent with applicable zoning, but residential dwellings (including nursing homes and recovery homes) are banned. Also prohibited: raising/keeping animals, hazardous materials, objectionable nuisances, churches, food processing, gasoline sales, ammunition sales, and environmental remediation. The Declarant (or after relinquishment the Association) may waive limitations case-by-case.
• What you own & maintain: You own your unit (the land) and the building on it. You must maintain your building (interior and exterior walls, windows, roofs, fixtures) in first-class condition. The association maintains common elements (parking, landscaping between unit boundaries and building exteriors, drainage, etc.) and carries master insurance on common areas.
• Architectural review: No exterior alterations, additions, or new construction without prior written approval from the Declarant (or after relinquishment the Architectural Design Review Committee or Association). Submit plans at least 60 days before construction, with a $250 review fee. Approval must be given or denied within 30 days; silence means approval.
• Assessments & fees: Regular assessments are based on your unit's percentage share (square footage of your building ÷ total building square footage). The board sets annual amounts. Special assessments cover costs directly benefiting your unit. Capital improvement assessments fund common-element capital projects. Assessments become a lien on your unit if unpaid, with 15% annual interest and foreclosure rights.
• Leasing & rentals: Leasing is allowed; no minimum lease term is stated in this document. Leases must comply with all declaration rules. Lessees may use common elements during the lease term, and the owner loses common element use (except ingress/egress) while the lease is in effect.
• Easements & parking: Non-exclusive easements exist for drainage, ingress/egress, utilities, maintenance, and development. Parking spaces in common elements may be leased by the board; covered parking is allocated as limited common elements for specific units as shown on the plat.

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.