Seven Hillside Townhouse Condo

Key facts from Seven Hillside Townhouse Condo's documents

Community type

Condominium (Master Deed of SEVEN HILLSIDE TOWNHOUSE )

Legal name

SEVEN HILLSIDE TOWNHOUSE CONDOMINIUM

Developer / declarant

Hasentus Construction, Inc.

Governing law

Massachusetts General Laws Chapter 183A, as amended (Section 1, 5, 20)

Assessments & dues

Trustees assess each Unit Owner a proportionate share of common expenses based on Unit's undivided interest in Common Elements (Section 13(b))

Special assessments

Not specifically addressed; regular installments preferred per Section 15(d) (Section 15(d) implies regular assessment)

Collections & liens

Lien for common expenses subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate lien for assessments payable prior to sale; such delinquent assessments may be reallocated as common expense (Section 17(a), (b))

Reserves & fees

Reserve fund for maintenance, repair and replacement of common areas that must be replaced periodically; general operating reserve fund for unforeseen expenditures, contributions due within 60 days of establishment (Section 15(d))

Leasing & rentals

Leases or rental agreements must be in writing and subject to the Master Deed, Trust, By-Laws and Rules and Regulations (Section 11)

Use restrictions

Each Unit intended solely for residential purposes, subject to restrictions (Section 10)

Voting & meetings

Proportionate to each Unit's undivided interest in the Common Elements (Section 13(c))

Amendments

Requires written instrument signed by Owners of Units entitled to 100% of beneficial interest in Common Elements and by a majority of Trustees, recorded at Norfolk County Registry within 6 months of first signing (Section 14)

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