23 Bridge Street Condominium

Key facts from 23 Bridge Street Condominium's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The 23 Bridge Street Condominium

Developer / declarant

Kathleen A. Karydis And Amy C. MacF. Burbott

Governing law

M.G.L. c. 183A (Master Deed preamble, section 1)

Assessments & dues

Proportionate share of common expenses assessed by Trustees in accordance with By-Laws (Section 10.2)

Collections & liens

Lien for common expense assessments is subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate assessments; extinguished assessments may be reallocated as common expense (Sections 13.1, 13.2)

Reserves & fees

Adequate reserve fund for maintenance, repair and replacement of Common Areas and Facilities (Section 13.7)

Leasing & rentals

Yes (Section 10.7)

Home business

Allowed as home office use provided no employees on premises other than Unit Owner (Section 8)

Signs & flags

Prohibited without prior written consent of all Trustees (including awnings, screens, antennas, signs, banners, etc.) (Section 9.4)

Use restrictions

Yes (Section 8)

Voting & meetings

Proportionate to each Unit's interest in the Common Areas and Facilities (Section 10.3)

Amendments

Requires instrument signed by owners of 100% of undivided interests in Common Areas and Facilities, recorded within 6 months. Special amendments allowed by Declarants until they no longer hold title. (Section 15, 15.1, 15.7, 15.8)

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