138 North Street Condominium Trust

Key facts from 138 North Street Condominium Trust's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article II, Section 1: '138 North Street)

Legal name

138 North Street Condominium Trust

Governing law

Chapter 183A of the Massachusetts General Laws (Article II, Section 1: 'by virtue of the)

Collections & liens

Unpaid common charges, late charges, and expenses (including attorney's fees) constitute a lien on the unit pursuant to Chapter 183A, Section 6. Board of Trustees has the right to foreclose the lien. Any one trustee may initiate action. (Article V, Section 2B and 2D)

Reserves & fees

$10.00 per month if amount due is not paid by the 10th day of each month, for each month unpaid. (Article V, Section 2B: 'The Board of Tru)

Leasing & rentals

No explicit restriction on leasing; unit owner right to sell, transfer, convey is protected (Article VII, Section 1(B)(ii)). Leasing is not prohibited. (Article VII, Section 1(B)(ii) prohibits )

Architectural approval

For improvements to units requiring architectural or engineering plans or specifications, unit owner (other than Declarant) must obtain approval of Trustees prior to commencing work; approval not to be unreasonably withheld. (Article V, Section 4K: 'For any improvem)

Maintenance

Unit Owner: maintenance, replacement, and repairs to unit (except common elements), doors, windows, electrical/plumbing/heating fixtures within unit, washing exterior glass. Trustee: maintenance, replacement, repairs to Common Elements, ext (Article V, Section 11A and 11B)

Insurance

Deductible not greater than $5,000 or 1% of policy face amount, whichever is less. Trustees specify how deductible is paid in event of loss. (Article V, Section 3 (paragraph starting)

Use restrictions

Implied by prohibition of noxious/unlawful activity and residential nature; no explicit 'residential use only' statement but context suggests residential condominium. (Article V, Section 12)

Voting & meetings

Each unit owner votes according to their percentage of undivided beneficial interest as set forth in the Master Deed. In case of multiple owners, one designated voter. (Article IV, Section 1 and Section 2)

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