Seventeen Fair Street Condominium

Key facts from Seventeen Fair Street Condominium's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section II(e) 'Condominium' means the 17)

Legal name

17 Fair Street Condominium Association (Section V(1) 'The name of the Associatio)

Developer / declarant

Terry L. Jones, Trustee of the Wildflower II Realty Trust (Opening paragraph)

Governing law

M.G.L.A. c. 183A (Condominium Act of Massachusetts) (Section I ('submits ... to the provision)

Reserves & fees

An adequate operating reserve fund and a reserve fund for maintenance, repairs and replacements of Common Area shall be established and funded by regular monthly payments rather than special assessments, unless Association votes otherwise (Section VII(e) 'An adequate operating re)

Parking & vehicles

Each unit has its own assigned parking areas designated as exclusive use areas (Section III(d)(i) 'each unit with its ow)

Home business

Prohibited; no business activity permitted on the property or within any unit (Section IX(c) 'No business activity shal)

Signs & flags

Prohibited; no sign, banner, or other device shall be erected or placed upon or attached to any unit (Section IX(e) 'no balcony enclosure, awn)

Use restrictions

Yes, no Unit shall be used for any purpose other than residential use (Section IX(a) 'No Unit shall be used for)

Voting & meetings

Each unit owner casts a vote in the percentage attributed to each unit; all actions require unanimity (Section V(3)(c) 'A member ... shall be e)

Amendments

Amendment requires at least 75% of owners; cannot interfere with Declarant's rights while Declarant owns units; consent of Declarant if affects his rights; must be recorded; cannot contravene Condominium Act (Section IV 'this Declaration and By-Laws)

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