Metro Research Center

What Metro Research Center's governing documents say

Metro Research Center is a commercial and industrial park in Phoenix, AZ, governed by a Declaration of Covenants, Conditions, Restrictions, and Easements (CCRs) that applies to five lots. The document creates the Metro Owners Association for member-lots (Lots 2-5) and sets rules for use, assessments, maintenance, parking, and easements. It is intended for owners and tenants of commercial/industrial properties within the development.

• Use restrictions: The property must be used solely for industrial and commercial purposes.
• Association & assessments: Owners of member-lots (Lots 2-5) automatically become members of the Metro Owners Association. Annual and special assessments are levied based on each lot's Percentage Interest (Lot 2: 50.20%, Lot 3: 18.12%, Lot 4: 14.82%, Lot 5: 16.85%). Assessments fund maintenance of the Access Easement, insurance, and other association duties.
• Parking rights: An Amended and Restated Declaration (recorded 1989) cancels previous parking easements and creates a non-exclusive parking easement across all lots, along with specific exclusive parking spaces assigned to each lot for different time periods (weekdays, weekends, evenings, overnight). For example, Lot 1 has exclusive use of spaces 1-170 on weekdays.
• Easements: The declaration creates an Access Easement for ingress/egress benefiting all member-lots, plus utility, encroachment, and landscape easements. The amendment also provides for reciprocal parking easements.
• Landscaping & maintenance: Each lot owner must maintain landscaping on their property to a 'high quality and first class industrial park' standard as determined by the Association. If an owner fails to maintain landscaping after notice, the Association may enter the lot, perform the work, and charge the owner the cost plus up to a 50% surcharge as an additional assessment.
• Enforcement & amendments: The Association or any lot owner may enforce the declaration through legal proceedings. The declaration runs for 20 years from 1985, automatically renewing for 10-year periods. Amendments require approval of four-fifths of lot owners, but the Declarant (Metro Center Property) retains the right to amend unilaterally while it owns any portion of the property.

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.