Fountainhead Corporate Park

What Fountainhead Corporate Park's governing documents say

Fountainhead Corporate Park is a commercial office park in Tempe, AZ, governed by a Declaration of Covenants, Conditions, Restrictions and Easements. This document establishes rules for lot owners (businesses or commercial property owners) covering permitted uses, maintenance, assessments, and architectural control. The property is intended primarily for commercial office and related uses, with some areas potentially allowed for retail or multifamily residential if approved by Declarant.

• Permitted & prohibited uses: Lots may be used for any use permitted by law, subject to additional restrictions. Prohibited uses include offensive nuisances (odor, noise, etc.) or illegal activities. The Property is primarily for commercial office and related uses; some parcels may be used for retail or multifamily residential as noted on Exhibit C or with Declarant approval.
• Architectural & landscaping control: All improvements (including landscaping) require Board approval of plans and specifications. The Board reviews design, grading, site plan, elevations, materials, colors, and landscaping. Plans must be submitted in triplicate; Board must act within 45 days or they are deemed disapproved. Final City and Board approvals are needed before construction. Declarant is exempt from this article.
• Assessments & fees: Annual and special assessments are levied per lot, allocated pro rata by lot square footage. Annual assessments cannot increase more than 125% or decrease below 75% of the prior year without majority owner approval. Special assessments require 51% (or 67% if over annual amount) owner approval. Late charges: 15% of overdue amount, plus 18% annual interest. Assessments are a personal debt and secured by a lien on the lot.
• Maintenance obligations: The Association maintains common property (roads, landscaping, etc.) funded by assessments. Each lot owner must keep their lot (including buildings, drives, landscaping) in clean, neat condition. Owners must comply with government regulations. The Board may enter a lot to perform maintenance if owner fails, and charge the owner.
• Parking & vehicles: Adequate off-street parking must be provided by each owner. No parking on private streets or common property. Parking areas must be paved and illuminated per Board approval. Loading areas must be screened. Outside storage is prohibited except during construction and must be screened.
• Construction & development rules: Construction must follow approved plans, be completed within 30 days unless Board extends, sites must be fenced and screened, dust controlled, damaged common property repaired within 7 days, damaged utilities within 24 hours. No parking on streets during construction.
• Enforcement & liens: The Association may sue for violations, impose liens for unpaid assessments (subordinate to first mortgages and tax liens), and suspend voting rights for delinquent owners. Remedies are cumulative; attorneys' fees are recoverable.

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.