Southshore Town Center

Key facts from Southshore Town Center's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Shopping Center (commercial) (Recital A)

Units / lots

6 parcels (Lots 2 through 7) (Recital A)

Developer / declarant

Southshore Town Center Investors, LLC, an Arizona limited liability company (First page after Recitals)

Governing law

Law of the State of Arizona (Article 16.20)

Assessments & dues

All costs and expenses incurred by Declarant for Common Areas, plus a management fee (15% initially), assessed pro rata based on land area of each Parcel relative to total Shopping Center land area; signs assessed by panel square footage (Article 6.2)

Collections & liens

Yes – assessments are a continuing lien on the Parcel; Declarant may record notice of lien and foreclose under Arizona realty mortgage law (Article 7.2, 7.3, 7.5)

Reserves & fees

Declarant may retain excess impounds for reserves (reasonable and customary) (Article 6.3)

Amendments

By written instrument recorded, executed by Declarant and Owners of 75% or more of total square footage of land area (Article 15)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.