Siete Square II

What Siete Square II's governing documents say

Siete Square II is a small commercial condominium in Phoenix, AZ, with only two office units. You own your unit's interior and share ownership of the building's common areas. The association maintains the structure and common elements, funded by assessments split equally between the two unit owners. Leases must be at least 30 days, and the property is restricted to government, professional, and business office uses.

• What you own & maintain: You own the interior finished space of your unit, including surfaces, fixtures, and systems that exclusively serve it. The association is responsible for all exterior elements (walls, roof, walkways, landscaping) and structural components. You must maintain and repair your own unit; the association handles common elements.
• Permitted uses: Units may only be used for government or business offices, professional offices and related services, or semi-professional offices. Other uses require Board approval and City of Phoenix zoning compliance. Residential use is not allowed.
• Leasing & rentals: No lease for a term of less than 30 days is permitted (short-term/vacation rentals are banned). All leases must be in writing, comply with the Declaration and Bylaws, and a copy must be given to the association before the lease term begins.
• Assessments & fees: Each unit owner pays exactly one-half (1/2) of total common expenses. Assessments are due as determined by the Board. Late payments incur 12% annual interest and a late charge up to 25% of the amount due. The association may place a lien on your unit for unpaid assessments.
• Architectural & exterior changes: No exterior additions, alterations, or structures (including signs, awnings, antennas) visible from outside may be made without prior written Board approval. Plans must be submitted; approval is deemed given if the Board fails to act within 60 days after a regular meeting. Interior alterations do not require approval but you are liable for any damage to other units or common elements.
• Signs: Only a dignified name/address sign is allowed on your unit without Board consent. 'For Sale' or 'For Rent' signs are prohibited anywhere on the property. Other signs require prior Board approval.
• Parking: All parking spaces are part of the common elements, managed and regulated by the Board. No assigned or reserved spaces are mentioned; use is subject to Board rules.
• Insurance: The association carries master casualty insurance covering the building (including units but not your personal property) and comprehensive liability insurance of at least $3 million per occurrence. You may obtain your own insurance for personal property and improvements, but it must not interfere with the association's policies.

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.