178-180 Maple Street Condominium

Key facts from 178-180 Maple Street Condominium's documents

Community type

Condominium (Section 1: "THE 178-180 MAPLE STREET CON)

Legal name

THE 178-180 MAPLE STREET CONDOMINIUM

Developer / declarant

Paul D. Borrelli (Section 1: "Paul D. Borrelli, of Medfiel)

Governing law

Massachusetts General Laws, Chapter 183A, as amended (Section 1: "provisions of Massachusetts )

Assessments & dues

Trustees assess common expenses; each Unit Owner pays proportionate share based on undivided interest in Common Elements (Section 13(b): "Each Unit Owner... shall)

Collections & liens

Lien for common expenses is subordinate to first mortgage. Foreclosure of first mortgage extinguishes subordinate lien for assessments payable prior to sale; extinguished assessments may be reallocated to all unit estates as common expense. (Section 17(a) and (b): "any lien of the )

Reserves & fees

Required: "adequate reserve fund for maintenance, repair and replacement of those portions of the common areas and facilities that must be replaced on a periodic basis" (Section 15(d): "Condominium dues or char)

Leasing & rentals

Yes, with restrictions (Section 11: "All leases or rental agreem)

Architectural approval

Yes, Trustees must approve structural changes and any exterior/interior changes (Section 11: "no interior or exterior cha)

Maintenance

Common element; roofs are not included in Unit (Section 5(b)(ii) ceiling boundary is lower surface of roof rafters, so roof is common) (Section 5(b)(ii) and Section 6(c): roofs)

Use restrictions

Each unit intended solely for residential purposes, except Grantor may lease unsold units, use as model, or use one unit for office work (Section 10: "Each of the Units is intend)

Voting & meetings

Proportionate to undivided interest in Common Elements (Section 13(c): "Each Unit Owner's voting)

Amendments

Requires instrument in writing signed by 100% of Unit Owners (based on beneficial interest), signed by majority of Trustees, recorded within 6 months of first signature. Special amendments allowed by Grantor for compliance or clerical error (Section 14 and Section 15(j))

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