Centre Street Condominiums

Key facts from Centre Street Condominiums's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed Section 1: "Centre Street Co)

Legal name

Centre Street Condominiums Trust

Governing law

Chapter 183A of the Massachusetts General Laws (Passim, e.g., Declaration of Trust Secti)

Assessments & dues

Not fixed; determined annually by Trustees based on estimated common expenses (Declaration of Trust Section 5.4.2)

Reserves & fees

18% per annum late charge on unpaid assessments (Declaration of Trust Section 5.4.2: "car)

Leasing & rentals

Yes, but leases must be in writing and subject to governing documents; minimum lease term of 30 days (Master Deed Section 9(f): "No Unit estat)

Use restrictions

Yes; units may be used only for residential purposes; no commercial use (Master Deed Section 8: "The Building, an)

Voting & meetings

Proportionate to beneficial interest percentages (Unit1 36.53%, Unit2 32.05%, Unit3 31.41%); each unit votes as a single vote through one designated owner (Declaration of Trust Article IV and Sect)

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