Barresi Condominium

Key facts from Barresi Condominium's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (ARTICLE II - The Trust and Its Purpose: )

Legal name

BARRESI CONDOMINIUM TRUST

Developer / declarant

Vito A. Barresi and Pearl M. Barresi (Opening paragraphs of both documents)

Governing law

Chapter 183A of Massachusetts General Laws (Article 2.1: 'as required by the provisi)

Assessments & dues

Trustees estimate common expenses for fiscal year, add contingency/reserves, determine assessment; may make supplemental assessments (Section 5.4.2: 'Trustees shall estimate )

Collections & liens

Unpaid assessments constitute a lien on the Unit under Section 6 of Condominium Law (Section 5.4.2: 'shall constitute a lien )

Reserves & fees

Trustees may set aside common funds as reserve or contingent funds for reduction of indebtedness, capital purposes, or repair/improvement (Section 5.4.1: 'may set aside common fun)

Insurance

May have deductible amount determined by Trustees (Section 5.5.1: 'Such insurance may have )

Voting & meetings

Unit Owners vote based on percentage of beneficial interest (equal to common area percentage) (Article IV: 'beneficial interest shall b)

Amendments

Two amendment procedures: (1) Master Deed amendment requires 60% of undivided interests, but cannot alter dimensions without owner signature (100%), cannot affect mortgagee security without consent, cannot alter percentages without 100% own (Master Deed Section 9; Trust Section 7.1)

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