Academy Park Condominium

Key facts from Academy Park Condominium's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

ACADEMY PARK CONDOMINIUM

Developer / declarant

QUINCY SQUARE DEVELOPMENT CORPORATION

Governing law

Massachusetts General Laws Chapter 183A (Article 1, page 1)

Assessments & dues

Proportionate share of common expenses based on common element interest, assessed by the Trust (Schedule B, paragraph 17, page 20)

Collections & liens

Fines and enforcement expenses become a lien upon the Unit and subject to collection and enforcement as provided in Chapter 183A, Sec. 6 (Schedule B, paragraph 22, page 20)

Reserves & fees

Condominium dues or charges shall include an adequate reserve fund for maintenance, repairs and replacement of common elements that must be replaced on a periodic basis (Article 21, Section B, number 8, page 14)

Leasing & rentals

A Unit Owner may lease or rent his Unit without procuring the consent of other Unit Owners or Trustees (Schedule B, paragraph 14, page 19)

Parking & vehicles

Each Unit has exclusive right to one outdoor parking space; units 501-504 have two spaces; parking areas are common elements maintained by Board (Article 20, page 11; Schedule B, paragra)

Use restrictions

Units are intended only for residential purposes or such other purposes as permitted by Zoning By-Law; no Unit shall be used for any purpose other than housing (Article 6, page 4; Schedule B, paragraph)

Voting & meetings

Voting rights proportionate to common elements interest (Schedule B, paragraph 18, page 20)

Amendments

Master Deed may be amended by vote of at least 80% in beneficial interest of all Unit Owners in person or by proxy, or by written approval of 80%; amendment must be recorded within 6 months; amendments altering unit dimensions require owner (Article 7, pages 4-5)

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