Schooner Watch II Condominium

Key facts from Schooner Watch II Condominium's documents

Community type

Condominium

Legal name

Schooner Watch II Condominium

Developer / declarant

Atlantic Road Associates Realty Trust

Governing law

Chapter 183A of the General Laws of the Commonwealth of Massachusetts (Section 1, Preamble)

Collections & liens

Lien for common expenses assessments subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate lien for prior assessments; such extinguished assessments may be reallocated as common expense (Section 15D, 15E)

Leasing & rentals

Yes, with written lease subject to Master Deed, Declaration of Trust, By-laws, Rules and Regulations (Section 9C: "All leases or rental agreem)

Parking & vehicles

Prohibited without written consent of Trustees (Section 7D(1): "No boats, trailers, (whe)

Architectural approval

Interior modifications may be made without Trustee consent; exterior modifications likely subject to Trustee approval (inferred from structure as common element), but no explicit ARC (Section 20: "The Owner of any Unit may, )

Maintenance

Common Elements (roof included in structure) – maintained by Trustees as common expense (Section 7B(1): "Structure - The foundati)

Use restrictions

Uses allowable by City of Gloucester zoning on date of recording Master Deed (Section 9: "the purposes for which Units)

Voting & meetings

Owners have beneficial interest proportional to percentage of undivided interest in Common Elements (50% each Unit) (Section 2: "Owners of the Units shall be)

Amendments

Requires instrument in writing signed by both Unit Owners and duly recorded; certain amendments require mortgagee consent; Declarant may make Special Amendments unilaterally for specific purposes (Section 10)

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