The Triangle at PV303

What The Triangle at PV303's governing documents say

This is a master covenant for the Triangle at PV303, a commercial development in Goodyear, AZ. It establishes a commercial association (The Triangle at PV303 Commercial Association, Inc.) and sets the rules for owners of commercial tracts or condominium units within the property. The document governs assessments, architectural control, use restrictions, and developer rights, but specific use restrictions are contained in an attached exhibit not provided here.

• Assessments & fees: Assessments are levied per tract based on acreage (1 Assessment Unit per acre). Regular, special, service area, and individual assessments are authorized. Late charges and interest apply to unpaid assessments, which are secured by a lien on the property. Declarant is exempt from assessments until development period ends.
• Architectural review & approval: All improvements require approval from The Triangle at PV303 Commercial Reviewer (Declarant during development period, then an ACC appointed by the Board). Design Guidelines govern standards. Construction, alteration, or improvement without approval is prohibited.
• Use restrictions (Exhibit B): The covenant incorporates use restrictions set forth in Exhibit B, but the content of Exhibit B is not included in this excerpt. Owners must comply with all documents, including these restrictions.
• Development & Declarant rights: Declarant retains significant control during a 20-year Development Period, including appointing board members, approving rules, and exempting its own tracts from assessments. Declarant may also modify service areas and conceptual plans unilaterally.
• Dispute resolution: Disputes are subject to a multi-step process: negotiation, mediation, and finally binding arbitration. The Association may also enforce rules via lawsuits or lien foreclosure.
• Insurance obligations: Each owner must carry insurance on improvements on their tract. The Association may obtain liability and property damage insurance for common areas, paid through assessments.
• Airport, highway & racetrack disclaimer: Owners acknowledge proximity to Luke Air Force Base, Phoenix-Goodyear Airport, I-10, Loop 303, and a racetrack. Declarant and city disclaim liability for noise, dust, vibration, and other impacts. Owners release related claims.

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.