M-10 Madison East Condominium

Key facts from M-10 Madison East Condominium's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

M-10 Madison East Condominium

Developer / declarant

Madison East Realty Trust (Thomas H. Morse, Jr., Robert W. LeBlanc, and Laurence W. Sullivan, Trustees) (Master Deed, opening paragraph; Declarat)

Governing law

Chapter 183A of the Massachusetts General Laws (Master Deed, opening paragraph)

Assessments & dues

Board prepares annual estimated budget including income, expenses, working capital, replacement reserve, and surplus/deficit. The net amount constitutes common expenses, assessed to unit owners in proportion to their percentage interest. As (By-Laws Section 4.2 (Assessment of Commo)

Leasing & rentals

Yes, entire unit may be leased or rented. No portion of a unit less than the entire unit may be leased separately. (Master Deed Section 7)

Maintenance

Unit owner: all maintenance and repairs to unit (structural or non-structural) except common elements contained therein (subject to Section 4.9). Board: maintenance, repairs, replacements to common elements as defined in Master Deed, painti (By-Laws Section 4.6(a) and (b))

Amendments

Master Deed may be amended by vote of 100% of Unit Owners and approval of eligible mortgage holders holding mortgages on at least 51% of votes of units subject to eligible holder mortgages. Amendment must be recorded. No amendment impairing (Master Deed Section 9)

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