Fensmere Condominium

Key facts from Fensmere Condominium's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Fensmere Condominium Trust

Developer / declarant

Walter J. Hurley, Jr. and Joseph F. Killion

Governing law

Massachusetts General Laws Chapter 183A (Article 1, Section 1.1)

Assessments & dues

Not explicitly stated; determined annually per Section 5.1. (Section 5.1)

Reserves & fees

Common Expenses may include amounts for working capital and general operating reserve. (Section 5.1)

Leasing & rentals

Only entire unit may be leased or rented; no leasing of portion of a unit. (Section 5.11(C)(b))

Parking & vehicles

Not explicitly addressed; general restriction likely prohibits.

Architectural approval

Yes; for interior structural changes, architectural integrity, exterior changes (including awnings, antennas, etc.). Trustee approval required; also approval of all mortgage holders. (Section 5.11(C)(d))

Signs & flags

Not explicitly addressed; signs provision may cover.

Maintenance

Not explicitly stated; but Common Elements include common areas and facilities as described in Master Deed – roof likely common element. (Section 2.6)

Insurance

Trustees required to maintain fire with extended/all-risk coverage on Property (Common Elements and all Units) at full replacement value; workmen's compensation; public liability insurance ($1,000,000 per occurrence); fidelity bonds; flood (Section 5.7)

Voting & meetings

Each unit's beneficial interest determines vote; plurality for election, majority for other questions. Multiple owners must designate one voter. (Article III, Sections 3.1–3.9)

Amendments

Declaration of Trust may be amended; procedure not detailed in this excerpt (likely requires unit owner vote and mortgagee approval). Notice of proposed amendment to be given to Registered First Mortgagees. (Section 6.2 (v) – notice of proposed ame)

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