Eight Brown Street Condominium

Key facts from Eight Brown Street Condominium's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Eight Brown Street Condominium

Developer / declarant

Jay E. Levy, Neal Levy and Russell Serbagi, Trustees of the Brown Street Salem Realty Trust

Governing law

Chapter 183A of the Massachusetts General Laws, as amended ("Chapter 183A") (Section 1 (¶1); repeated throughout)

Collections & liens

Any lien for common expense assessments is subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate assessment liens; delinquent assessments may be reallocated to all Unit estates as common expense (Section 13a)

Reserves & fees

Condominium dues or charges shall include an adequate reserve fund for maintenance, repair and replacement of those portions of the Common Areas and Facilities that must be replaced on a periodic basis (Section 13 (paragraph on reserve fund))

Leasing & rentals

Leasing or subleasing is permitted provided written and subject to Master Deed, Trust, Bylaws, Rules and Regulations (Section 8 (last sentence); Section 10f)

Parking & vehicles

Parking spaces exclusively assigned: Unit 1 – Parking Space Number 1; Unit 2 – Parking Space Number 2; Unit 3 – Parking Space Number 3; Unit 4 – Parking Space Number 4; Unit 5 – No Parking Space Assigned (Section 6f)

Architectural approval

Prior written consent of a majority of the Trustees required for any awning, screen, antenna, sign, banner, or other device, and for any exterior change, addition, structure, projection, decoration, property or feature; also for any additio (Section 9)

Home business

Home office use permitted provided no employees other than the Unit Owner (Section 8)

Use restrictions

Each Unit intended for residential purposes only, by not more than one (1) family or not more than three (3) unrelated persons, or for home office use with no employees other than the Unit Owner (Section 8)

Voting & meetings

Each Unit's voting rights proportionate to its interest in Common Areas and Facilities (Unit 1: 34%, Unit 2: 22%, Unit 3: 20%, Unit 4: 15%, Unit 5: 9%) (Section 10c; Section 7 percentage table)

Amendments

Amendment requires instrument signed by Owners entitled to 67% of undivided interests in Common Areas, recorded within 6 months of first signature; certain amendments require signature of affected Unit Owner (altering dimensions), all Owner (Section 15)

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