Scottsdale Ridge Property Owners’ Association, Inc.

What Scottsdale Ridge Property Owners’ Association, Inc.'s governing documents say

Scottsdale Ridge is a mixed-use commercial development in Scottsdale, AZ, governed by a Declaration of Reciprocal Easements and Restrictions. Property owners (not residents) share easements for access, parking, utilities, and drainage, and are members of a mandatory property owners' association that maintains common areas and levies assessments. This document primarily binds commercial landowners and their tenants, not residential homeowners.

• What you own & maintain: Each owner must maintain their own parcel (including buildings, landscaping, and parking) in first-class condition, repaint exterior surfaces at least every 4 years, and keep vacant land neat and weed-free. The association maintains the Road Network, Drainage System, and other Common Areas identified on the Site Plan.
• Assessments & fees: Annual common area assessments, special assessments (limited to 25% of budget without member vote), and a management fee (up to $7,500/year initially) are levied proportionally by parcel land area. Delinquent assessments bear 12% interest and a 3% late fee, and are secured by a lien on the parcel, subordinate to first mortgages.
• Permitted uses & restrictions: No illegal activities or objectionable noise/odors. Banks and financial institutions are restricted to the M&I Parcel. Gas stations and convenience stores are limited to the Gas Station Parcel. Automotive service with pneumatic tools is allowed only on Parcels 1, 2A, or 2B, with tools used inside buildings during certain hours. Condominiums on non-Condo Parcels are restricted if primarily office use (expires June 30, 2005).
• Building & sign approval: All buildings and signs require prior association approval (not unreasonably withheld) with detailed plan submission and a $250 non-refundable review fee. Signs must be architecturally compatible, not use flashing or moving illumination. Parking lot lights max 16 ft, walkway lights max 8 ft, security lights must not project above fascia.
• Parking & vehicles: Owners must use best efforts to have suppliers park on their own parcel and satisfy employee parking requirements. On-street parking is discouraged; owners may post 'customer parking only' signs. No parking in drive-through lanes on M&I Parcel or on Condo Parcel.
• Insurance requirements: Each owner must carry public liability insurance with minimum $2,000,000 single limit, $1,000,000 per person, $500,000 property damage, naming the association and other owners as additional insureds. Self-insurance allowed only if net worth ≥ $50 million.
• Default & enforcement: After 30 days' notice, the association or any owner may cure a default and recover costs plus 15% interest, secured by a lien subordinate to mortgages. Injunctions are also available. Disputes over assessments go to binding arbitration by a commercial property management expert.

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.