Birchwood Terrace Condominium

Key facts from Birchwood Terrace Condominium's documents

Governing law

M.G.L. C183A (Massachusetts General Laws Chapter 183A) (Article II, Section 2.1)

Assessments & dues

Trustees estimate common expenses for each fiscal year, determine assessment based on percentages of beneficial interest; may make supplemental assessments if needed (Section 5.4B)

Collections & liens

Unpaid assessments become a lien on the unit pursuant to Section 6 of Chapter 183A; also fines and late charges may become a lien (Section 5.4B; Schedule A rule 16)

Reserves & fees

Trustees may set aside common funds as reserve or contingent funds, or for reduction of indebtedness or other lawful capital purpose (Section 5.4A)

Pets

Yes, up to two customary household pets (Schedule A rule 12)

Insurance

Casualty/physical damage insurance on building and improvements at 100% replacement value, covering fire, extended coverage, vandalism, malicious mischief, windstorm, water damage, boiler/machinery, plate glass; also comprehensive public li (Section 5.8A, B)

Voting & meetings

Unit Owners vote according to their percentages of beneficial interest; votes are per unit, not divided among co-owners; designation of one authorized voter required if multiple owners (Article IV, Sections 4.1, 4.2)

Amendments

Trustees with consent of Unit Owners holding 75% of beneficial interest and approval of eligible mortgage holders representing at least 51% of votes of unit estates subject to mortgages; recorded at Norfolk County Registry of Deeds (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.