Ledgemont Condominium

Key facts from Ledgemont Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Ledgemont Condominium Association (unincorporated) (Section 2, page 1)

Developer / declarant

Christopher Thompson, Trustee of the 19 Ledgemont Avenue Realty Trust u/d/t dated February 22, 2002 (Preamble, page 1)

Governing law

Chapter 183A of the Massachusetts General Laws (Condominium Statute) (Section 1, page 1)

Special assessments

Assessments shall be payable in regular installments rather than by special assessments (per FNMA/FHLMC provision). (Section 14(h): 'shall be payable in regu)

Reserves & fees

Assessments by the Association shall include an adequate reserve fund for maintenance, repairs, and replacement of Common Elements that must be replaced on a periodic basis. (Section 14(h), page 11)

Leasing & rentals

Yes, with restrictions (Section 9, page 6)

Voting & meetings

Each Unit Owner's percentage interest in the Association equals the percentage of undivided interest in Common Elements appertaining to the Unit (per Exhibit B: 50% each). (Section 2, page 2; Exhibit B page 19)

Amendments

Amendment requires: (a) signed by Owners of 75% or more of undivided interest in Common Elements, (b) signed by majority of Board of Managers, (c) recorded within 6 months of first signature. Additionally, amendment altering any Unit dimens (Section 11, page 8; Section 14(j), pages)

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