97 Horace Street Condominium

Key facts from 97 Horace Street Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

97 HORACE STREET CONDOMINIUM

Developer / declarant

TRICHILO DEVELOPMENT, LLC (Page 1 opening paragraph)

Governing law

Chapter 183A of the Massachusetts General Laws (Master Deed §1, §15, §22, §25)

Assessments & dues

Condominium dues shall include adequate reserve fund and be payable in regular installments rather than by special assessments (Section 18(h) (Page 15): "shall be payab)

Collections & liens

Liability for damage constitutes a lien on Unit enforced same as common expense liens under Declaration of Trust and Chapter 183A (Section 6(b) (Page 6) and Section 11(a)()

Reserves & fees

Not less than 20% of annual budget unless agreed by all Unit Owners (Section 18(h) (Page 15): "Such reserves )

Leasing & rentals

Yes, subject to rules and regulations promulgated by Trustees; lease must be in writing and contain required notice (Section 11(a)(iii) (Page 9-10))

Architectural approval

Yes, for any changes to exterior of Building or Units, and for any addition, structure or feature in Exclusive Use Areas; also for interior non-bearing wall removal/installation if it may affect structural component or common area (Section 11(b) (Page 10-11) and Section 1)

Home business

Permitted if customarily carried out in dwelling unit, no signs or advertising, infrequent visits, and allowed by zoning (Section 11(a)(i) (Page 8-9))

Setbacks / home size

Design review standards shall take into account setback and other dimensional requirements of the Zoning By-Law (Section 11(b) (Page 11): "which standard)

Use restrictions

Units shall only be used for residential purposes, except for home occupation under conditions (Section 10 (Page 8) and Section 11(a)(i))

Amendments

Requires instrument in writing signed by Unit Owners entitled to at least 100% of undivided interest, recorded within 9 months. Exceptions: dimensional changes require owner of altered unit to sign; percentage changes require all unit owner (Section 12 (Page 11-12) and Section 18 ()

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