University-Perry Condominium

What University-Perry Condominium's governing documents say

University-Perry Condominium is a 7-unit commercial/industrial condominium in Tempe, AZ, governed by a full Declaration of Covenants, Conditions and Restrictions. You own your unit and a 1/7 share of the common elements; the association maintains the common areas and carries master insurance. Uses are limited to those allowed in the City's General Industrial District (GID).

• Use restrictions: Units may only be used for purposes permitted in Tempe's General Industrial District (GID) as of the recording date, excluding any use that creates noise, odors, fumes, dust, vibration, or other nuisances. No illegal or offensive activities are allowed.
• Parking & vehicles: Each unit has assigned parking spaces as shown on Exhibit B (not provided in excerpt). Owners and occupants may only use their assigned spaces. The association may ticket or tow violators. Inoperative vehicles are prohibited; no vehicle repairs beyond temporary emergencies are allowed.
• Leasing & rentals: No minimum lease term is specified. However, tenants are protected from eviction due to the owner's nonpayment of assessments under a non-disturbance clause, as long as the tenant is not in default under their lease.
• Assessments: Annual and special assessments are levied equally per unit (1/7 each). Late fee: $250 if not paid within 10 days of due date; interest at 12% per annum after 30 days. Assessments are secured by a lien on the unit, enforceable by foreclosure.
• What you own & maintain: You own your unit's interior (walls, floors, ceiling). The association maintains common elements, exterior walls, roof, fire sprinkler system, and electrical panels. You must maintain your unit's HVAC, plumbing, and electrical systems, as well as any signs you install.
• Architectural review: Alterations affecting the exterior, structural elements, or common elements require prior written approval under Article 9. Plans and specifications must be submitted to the association, and work must comply with all rules and permits.
• Pets: The excerpt provided does not contain any pet restrictions. This document may not address pets, or they may be covered in separate association rules not included here.

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.