167 Diamond Street Condominium

Key facts from 167 Diamond Street Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I, Article II Section 1)

Legal name

167 Diamond Street Condominium Trust

Developer / declarant

167 Diamond Street, LLC

Governing law

M.G.L. Chapter 183A (Article II Section 1)

Assessments & dues

Board estimates common expenses each fiscal year, determines assessment; Unit Owners pay 1/12 monthly in advance on first day of month (Article V Section 2(B) (page 9))

Special assessments

Supplemental assessment allowed when expenses exceed or are likely to exceed estimate (Article V Section 2(B) (page 9))

Collections & liens

Unpaid assessments together with interest constitute a lien on the Unit under M.G.L. 183A §6 (Article V Section 2(B) (page 9))

Reserves & fees

Trustees may set aside common funds as reserve or contingent funds for contingencies, emergencies, etc. (Article V Section 2(A) (page 9))

Pets

Yes, up to one pet with prior written Trustee approval (Article V Section 16 (page 16))

Leasing & rentals

Yes, but Unit Owner must pay all unpaid common charges before leasing (Article VIII Section 2 (page 19-20))

Parking & vehicles

Disabled vehicles prohibited (Rule 1(k) (page 24))

Maintenance

Unit Owners responsible for cleaning, maintenance, repairs, replacements within their Units (except common elements); Trustees responsible for Common Elements (Article V Section 14(a) and (b) (page 14)

Insurance

Master policies of casualty and physical damage insurance covering Units and Common Elements at not less than full replacement value (exclusive of foundations) (Article V Section 3(A) (page 10))

Use restrictions

Prohibited; no unreasonable interference with other owners’ rights, comforts, or convenience (Rule 1(f) (page 23))

Voting & meetings

Each Unit Owner votes in proportion to percentage of undivided beneficial interest per Schedule A of Master Deed (Article IV Section 1 and Section 2)

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