The Plaza

What The Plaza's governing documents say

Plaza 333 is a condominium in Phoenix, AZ — you own an office unit within the building and share ownership of common areas like parking, landscaping, and structural elements. The association maintains the common elements and carries master insurance, funded by assessments based on unit square footage. This document is the full set of rules for unit owners (businesses, professionals, or investors).

• Permitted use (office only): All units must be used primarily for professional office purposes. Medical/dental office use is allowed but cannot exceed 19,000 total square feet across all units. Prohibited uses include adult entertainment, abortion clinics, massage parlors, veterinarian offices, and any nuisance-generating activity.
• Alterations & approvals: Nonstructural interior changes do not need board approval, but structural alterations, any change visible from the exterior (e.g., window coverings, signage), and painting of limited common elements require prior written board consent. The board may also grant variances from the declaration.
• Parking & vehicles: Covered parking spaces are assigned as limited common elements; uncovered spaces are common. No commercial vehicles, RVs, boats, or trailers may be parked. Overnight parking requires association consent. No vehicle repairs or storage of inoperable vehicles on the property. Vehicles parked in violation may be towed at owner's expense.
• Signs: Exterior signs visible from outside are prohibited except for 'For Sale' or 'For Rent' signs no larger than 2x2 feet, signs required by legal proceedings, the monument sign, and signs approved by the board or declarant (during declarant control).
• Leasing & rentals: Leases must be in writing and subject to the condominium documents. Unit owners must notify the association of lease start/end dates and occupant names. No minimum lease term is stated; the declarant may operate its own leasing program for unsold units.
• Assessments & fees: Annual common expense assessments are based on unit square footage. Special assessments exceeding 25% of the annual budget require majority owner vote and declarant approval (during declarant control). A management fee of $20,000/year (escalating 3% annually) is paid to declarant during the period of declarant control. Delinquent assessments accrue 15% interest and a 3% late fee, secured by a lien on the unit.
• Insurance & maintenance: The association insures common elements at 100% replacement cost and may also insure units. Unit owners maintain their interiors and limited common elements (e.g., windows, HVAC, signage). The association maintains common elements and may perform owner-required maintenance if not done within 30 days after notice, charging the owner.

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.