123 Elm Condominium

Key facts from 123 Elm Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article II 2.1: "123 Elm Condominium")

Legal name

123 Elm Condominium Trust

Developer / declarant

Not explicitly named; referred to as 'the owner(s) of the land described in the Master Deed' (Article II 2.1)

Governing law

Chapter 183A of the Massachusetts General Laws (the Condominium Law) (Article II 2.1)

Assessments & dues

Trustees estimate common expenses at least 30 days before fiscal year, determine assessment based on beneficial interest percentages, payable in monthly or other regular installments (Section 5.5.2)

Collections & liens

Unpaid common expenses constitute a lien on the Unit under Section 6 of the Condominium Law; personal liability also applies (Section 5.5.2, 5.5.3)

Reserves & fees

Trustees may set aside common funds as reserve or contingent funds (Section 5.5.1)

Voting & meetings

Percentage beneficial interest per Unit as set forth in Exhibit B of Master Deed; if multiple owners, one designated to vote (Article IV 4.1, 4.2)

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