215 Common Street Condominium

Key facts from 215 Common Street Condominium's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1, Section 1.1 (Master Deed and )

Legal name

215 Common Street Condominium

Developer / declarant

Timothy J. O'Toole, Michael F. O'Toole, and James Philbin

Governing law

Chapter 183A of the Massachusetts General Laws (Article 1, Section 1.1 and Section 2.4)

Assessments & dues

Not fixed; determined annually by Trustees based on budget and Common Expenses (Section 5.1)

Reserves & fees

Interest at 12% per annum on unpaid Common Charges from due date, plus all expenses including attorney's fees (Section 5.4)

Leasing & rentals

Unit Owner may lease Unit, but must pay all unpaid Common Charges before leasing (Section 6.2) (Section 6.2)

Parking & vehicles

All unit owners abide by parking space assignment and allocation by Association; limited to parking of passenger automobiles registered and licensed for current use; no storage of automobiles/trucks; no activity other than garaging of motor (Section 5.18)

Architectural approval

Yes; no exterior change without approval of Trustees; no additions, alterations, replacements of exterior features, painting, etc. (Section 5.11 B(a)) (Section 5.11 B(a))

Maintenance

Unit Owner: maintenance, repair, replacement of the Unit (excluding Common Elements within); includes painting interior surfaces of doors/windows, washing windows (Section 5.9). Trustees: maintenance, repair, replacement of Common Elements (Section 5.9)

Insurance

Unit Owners should carry insurance for their own personal property, with waiver of subrogation; such insurance not to affect Trustee's coverage (Section 5.7.6) (Section 5.7.6)

Use restrictions

Units may be used only for purposes set forth in Master Deed (Section 5.11 A); Master Deed not provided here but implies residential use (Section 5.11 A)

Voting & meetings

Each Unit Owner votes the Beneficial Interest appurtenant to their Unit; if multiple owners, they designate one voter; Developer may have special rights during control period (Section 3.1, 3.2)

Amendments

Generally by 67% vote of Beneficial Interests at a meeting; Sections 1.1, 1.2, 9.1 require unanimous vote; Section 7.2 requires unanimous Trustee and Unit Owner vote; no amendment adversely affecting Developer without consent while Develope (Section 9.1)

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