Market Place Iit Condominium

Key facts from Market Place Iit Condominium's documents

Community type

Condominium (commercial)

Legal name

Market Place II Condominium

Developer / declarant

Elizabeth Brown Trustee of KSM Realty Trust

Governing law

Massachusetts General Laws Chapter 183A (Article I, Page 1)

Collections & liens

Trustees may record lien statement for unpaid assessments; enforceable under MGL c.183A (Article XVI, Page 21)

Reserves & fees

Two (2) months reserve fund shall be established by trustees (Article XVI, Page 22)

Pets

Maximum of 2 animals total (one cat and one dog, or two of either) (Article X(k)(2)(1), Page 16)

Leasing & rentals

Six months minimum (Article X(g), Page 15)

Home business

Commercial units allowed; residential units used solely for permitted uses under Marshfield zoning (Article X(b), Page 11)

Maintenance

Common element (roof is part of common elements) (Article VII(b), Page 9)

Amendments

By 66 2/3% of unit owners and written consent of at least 51% of first mortgagees; declarant may amend for errors and to conform to FNMA without unit owner vote; declarant's right to add phases expires July 1, 2026 (Article XI, Page 17-18; Article XXVII, P)

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