Vallis Way Homeowners' Association Trust

Key facts from Vallis Way Homeowners' Association Trust's documents

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

Community type

homeowners association (I (Statement of Purposes), II.b (Associa)

Units / lots

5 (Lots 1,2,3,4,6) plus any future lots from subdivision of Lot 6 (Preamble; II.f)

Developer / declarant

Linda C. Vallis (First paragraph)

Governing law

Massachusetts common law (not specified) (Document refers to Massachusetts law gen)

Assessments & dues

Not fixed; determined annually by Association based on estimated Common Expenses plus reserves; pro rata share per lot (III.e (Assessments and Lien for Non-Paym)

Special assessments

Permitted; Association may make special assessments during fiscal year if Common Expenses exceed estimate or for reserves; payable as stated in statement (III.e)

Collections & liens

Yes; unpaid assessments plus interest and costs (including attorney's fees) become a continuing lien on the lot; personal obligation of owner. After 90 days delinquency, Association may bring action; judgment may include foreclosure through (III.e (lien); III.g (Effect of Non-Payme)

Reserves & fees

Association shall set aside common funds for capital improvements to Drainage System; also may include reserves in assessment (III.e (reserves for capital improvements)

Architectural approval

Not explicitly; no architectural control committee mentioned; only that changes to Drainage System etc. require Planning Board approval?

Maintenance

Not explicitly; but roof gutters/downspouts are owner responsibility (III.c (SUBSEQUENT OWNERS))

Insurance

Association shall maintain: (i) multi-peril casualty on Drainage System and Common Utilities; (ii) workers' comp if employees; (iii) commercial general liability with $1,000,000 combined single limit, cross liability endorsement, including (III.d (Insurance))

Use restrictions

Not explicitly stated; property is subdivision with dwellings, but no express use restriction beyond the covenants

Voting & meetings

One vote per lot; each Owner has a beneficial interest equal to number of lots owned divided by total lots; majority vote governs unless otherwise provided; if no majority, Planning Board resolves by majority vote (II.g (Owner definition includes one vote)

Amendments

Except as otherwise provided, amendments require two-thirds affirmative vote of all Association Members, approval of Town (through Planning Board), and recording in Registry of Deeds. Certain provisions (e.g., enforcement, Section IV.b) req

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