Third Street Condominium

Key facts from Third Street Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

539-543 East Third Street Condominium

Units / lots

5 (4 residential, 1 commercial) (Section 3, Page 3)

Developer / declarant

The 531-543 East 3rd Street Realty Trust, Mercedes Mulligan as Trustee (Page 1)

Governing law

Massachusetts General Laws, Chapter 183A (Section 1, Page 1)

Assessments & dues

Common Expenses allocated to Units according to percentage interest in Common Elements as set forth in Exhibit B (Section 5.1, Page 7)

Pets

Yes, subject to restrictions: only orderly domestic pets (dogs, cats, caged birds, aquarium fish). (Section 11g, Page 14)

Leasing & rentals

Yes, subject to restrictions. (Section 10d, Page 13)

Parking & vehicles

Only private non-commercial passenger vehicles allowed. Defined as automobiles, motorcycles, RVs, small pickup trucks. Commercial plates alone not disqualifying. (Section 5.3e-f, Page 9)

Architectural approval

Yes, for interior changes affecting structural integrity or common elements. Also for any exterior change (no awning, antenna, etc.). (Sections 6.1b, 11b, Pages 9-10, 13)

Maintenance

Unit Owner responsible for HVAC Equipment, decks, interior modifications, damage from misuse, utilities. Association responsible for Common Elements (roof, foundations, central services serving more than one unit, etc.). (Sections 4d, 5.1, 5.2, Pages 3-4, 5-8)

Insurance

For modifications: liability insurance minimum $1,000,000 naming Condominium Trust as additional insured. (Section 6.1b(ii), Page 10)

Use restrictions

Residential Units (201,202,301,302): residential by not more than one family; accessory office allowed if zoning permits. Commercial Unit (101): any lawful purpose except specific prohibitions (restaurant, cannabis, etc.). (Section 10a, Pages 12-13)

Voting & meetings

Each Unit Owner's beneficial interest equals percentage interest in Common Elements. Amendment requires 51% of Unit Owners, 51% of first mortgagees (if materially affected), and majority of Trustees. Special amendment by Declarant unilatera (Section 13, Pages 16-18; Section 12, Pag)

Amendments

Master Deed amendment requires 51% Unit Owner vote, 51% first mortgagee assent (if materially affected), majority of Trustees. Certain amendments require unanimous affected owner consent (percentage interests, porch/patio rights). Declarant (Section 13, Pages 16-18)

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