149-151 Lakeside Condominiums

Key facts from 149-151 Lakeside Condominiums's documents

Community type

condominium (Master Deed paragraph 1: 'create a condo)

Legal name

149-151 LAKESIDE CONDOMINIUMS TRUST

Developer / declarant

JOSEPH W. GONTARKSI AND LORRAINE M. GONTARSKI

Governing law

Chapter 183A of the Massachusetts General Laws (Master Deed para 1: 'provisions of Chapt)

Assessments & dues

Not fixed; determined by Trustees each fiscal year based on estimate of common expenses. (Trust Art. V.5.5.1)

Special assessments

Trustees may make supplemental assessments during a fiscal year if common expenses exceed or are likely to exceed the current assessment. (Trust Art. V.5.5.1)

Collections & liens

Unpaid assessments constitute a lien on the Unit under Section 6 of Chapter 183A. Trustees may foreclose lien and recover attorney's fees and costs. (Trust Art. V.5.5.1, V.5.5.3)

Reserves & fees

Trustees shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of improvements to the Common Areas, deposited in a separate account from operating funds. (Trust Art. V.5.2)

Pets

Yes, a maximum of two domestic pets may be kept in any Unit without prior written consent of the Trustees. Trustees may require removal at any time as provided in rules and regulations. (Trust Art. V.5.11; Rules and Regulations)

Leasing & rentals

A Unit Owner may assign, lease, sell or otherwise transfer all of the interest in the Unit(s) subject to restrictions in Master Deed or Trust. (Trust Art. V.5.22)

Parking & vehicles

Owners and tenants responsible to see that they and their guests do not interfere with others' use of parking spaces. Repairing or servicing of vehicles within parking areas is prohibited. (Rules and Regulations Rule 8)

Signs & flags

Unit owners may not display 'For Sale' or 'For Rent' signs in windows, nor place window displays or advertising in windows. (Rules and Regulations Rule 9)

Use restrictions

Not explicitly stated; Master Deed references 'any purpose permitted by the Master Deed'. (Master Deed para 5.7.5(a): 'remnant whic)

Voting & meetings

Each Unit Owner has voting power equal to the percentage of undivided beneficial interest appertaining to the Unit as set forth in Exhibit B of the Master Deed. (Trust Art. IV.3)

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