Corporate Fountains

What Corporate Fountains's governing documents say

Corporate Fountains is a commercial office park in Tempe, AZ, governed by a declaration of covenants that binds owners of three office buildings. It is not a residential community; readers are likely commercial property owners or tenants. The association maintains common areas and enforces rules on use, architecture, and assessments.

• Permitted uses: Buildings may be used for offices and related commercial uses, or other activities approved by the Board, but never uses that materially and adversely affect any owner or occupant. Prohibited uses include nuisances (odor, noise, etc.), illegal activities, and unapproved uses.
• Architectural & landscaping review: Any exterior alteration, landscaping, or construction requires prior written approval from the Architectural and Landscaping Review Committee. The committee evaluates consistency with existing improvements in color, materials, quality, and size.
• Maintenance responsibilities: Each owner maintains their own building in a well-kept condition and complies with health/fire/safety codes. The association maintains the common areas (paved areas, landscaping, lighting, utilities, sidewalks) and common elements.
• Assessments & fees: Annual and special assessments are allocated pro rata based on each owner's developed square footage. Annual assessments are due quarterly; special assessments are due as set by the Board. Late charges (8% of amount due) and interest (18% per annum) apply. Unpaid assessments become a lien on the lot, subordinate to first mortgages.
• Parking: The property has 450 parking spaces total. The Blue Cross parcel includes 260 spaces, with 60 initially dedicated to other owners. Each owner may restrict parking on their lot to persons they designate.
• Signs: All signs must conform to criteria adopted by the Architectural and Landscaping Review Committee to ensure architectural harmony.
• Outside storage & waste: Outside storage is prohibited except during construction, remodeling, or repair, and only with Board approval. Solid waste containers must be commercial size, screened from view, and emptied at least weekly for putrescible waste.
• Insurance requirements: Each owner must maintain liability insurance ($5M per claim) and property/casualty insurance (at least 90% replacement value), naming the association as additional insured. Certificates must be provided annually. The association may obtain blanket coverage and assess owners.

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.