45-47 Spencer Knowles Road Condominium

Key facts from 45-47 Spencer Knowles Road Condominium's documents

Community type

Condominium

Legal name

45-47 SPENCER KNOWLES ROAD CONDOMINIUM

Developer / declarant

THOMAS N. KATSAPETSES, Trustee of PRIME INVESTMENT TRUST-ROWLEY

Governing law

Chapter 183A of the General Laws of Massachusetts (¶1; ¶18)

Reserves & fees

Condominium dues shall include an adequate reserve fund for maintenance, repair and replacement of Common Areas and Facilities that must be replaced on a periodic basis (¶13(h))

Fences

Unit Owner may construct fences within Exclusive Use Easement Area as permitted by Rowley Zoning By-Law (¶5(c))

Maintenance

Association (Trust) – roof is part of Common Areas and Facilities (¶6(b)(1) includes 'the roof')

Use restrictions

Each Unit intended only for residential purposes; perpetual restriction, may not be waived (¶8(a))

Voting & meetings

Proportionate to percentage of undivided ownership interest in Common Areas and Facilities (50% each) (¶2; Exhibit B (50% each))

Amendments

Requires 100% of Unit Owners (by undivided interest) and all Trustees; also Declarant special amendment rights until no longer holds title; amendments must be recorded within six months; no amendment to rescind Affordability Restriction (¶12)

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