Scottsdale Ridge Business Center Condominiums

What Scottsdale Ridge Business Center Condominiums's governing documents say

This is a commercial condominium declaration for Scottsdale Ridge Business Center Condominiums in Scottsdale, AZ. It governs a project of office and industrial units, not residential. Owners own individual units and share common elements. The association manages common areas and enforces rules.

• Use restrictions: Units are for office and industrial use only; no residential use is allowed. No more than 50% of a unit's floor area may be improved for office, reception, or meeting uses. Noxious, offensive, or hazardous activities are prohibited.
• Architectural review: Any exterior alteration, addition, or sign requires prior written approval from the Board of Directors (acting as Architectural Committee). Plans must be submitted, and the Board has up to 60 days to respond. Standards include harmony with surrounding structures and specific design guidelines.
• Parking & vehicles: Adequate on-site parking must be provided to avoid on-street parking. Parking areas must be paved. Vehicles that create noise or are unsightly may be deemed a nuisance and prohibited. Truck wells are common elements with a 90-minute use limit per owner.
• Assessments & fees: Annual assessments are based on each unit's undivided interest in common elements. Special assessments require 60% of total votes. Late payments incur 18% annual interest and a 5% late fee. Unpaid assessments become a lien on the unit.
• Maintenance responsibilities: Unit owners maintain interior walls, fixtures, and HVAC. The association maintains common elements, including roofs, mechanical equipment, landscaping, and parking areas. Limited common elements (like assigned parking) are maintained by the owner unless otherwise stated.
• Insurance: The association must carry property insurance on common elements (full replacement cost) and general liability insurance (minimum $2 million per occurrence). Unit owners must insure their own unit improvements and personal property. Deductibles may be assessed to owners if caused by negligence.
• Transfer restrictions: If a unit owner sells or transfers the unit within 18 months of purchasing from the declarant, the owner must pay the declarant 90% of the profit (difference between purchase price and resale price). This does not apply to leases.
• Signs: No signs except approved name/address signs are allowed. Sign plans must be reviewed and approved by the Board. Exterior signs must comply with the master sign plan and city code.

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.