16 Sunflower Lane Condominium Trust

Key facts from 16 Sunflower Lane Condominium Trust's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

16 Sunflower Lane Condominium Trust

Governing law

Chapter 183A of Massachusetts General Laws (Preamble; Article I, Section 1)

Assessments & dues

Board determines common charges payable by Unit Owners based on annual budget, allocated according to respective common interests. Board may also levy special assessments. (Article VI, Section 1)

Special assessments

Board may levy special or extraordinary assessment if budget insufficient to pay expenses or capital costs. Terms as Board deems necessary. (Article VI, Section 1)

Collections & liens

Board has lien for unpaid common charges. May foreclose lien under Chapter 183A. In foreclosure action, Unit Owner required to pay reasonable rental, and court may appoint receiver. Board may purchase unit at foreclosure sale. Suit for mone (Article VI, Section 3 and Section 4)

Reserves & fees

Board shall include in common expenses an amount for general operating reserve equal to two months of operating common charges, and for a reserve fund for replacements. (Article VI, Section 1 (operating reserve)

Leasing & rentals

A Unit Owner may lease his unit provided the lease names the Board of Trustees as a party and includes specific provisions (tenant bound by documents, tenant may be required to pay common charges directly, non-payment grounds for eviction, (Article VI, Section 9(e))

Parking & vehicles

Board regulates parking; each unit owner has exclusive use of driveway in front of the Unit. Driveways and walks used only for normal transit. (Article II, Section 3(1); Article VI, Se)

Architectural approval

Prior written consent of Board required for any addition, alteration, or improvement by a Unit Owner to his Unit. (Article VI, Section 10)

Maintenance

Unit Owner responsible for all maintenance, repairs, replacements of Unit (structural and non-structural, doors, windows, electrical, heating, ventilating, air-conditioning fixtures within Unit) at Owner's expense. Board responsible for com (Article VI, Section 8)

Insurance

Board may include deductible provision up to $5,000.00 in its discretion, and greater amounts if Unit Owners authorize. (Article VI, Section 6.3)

Use restrictions

Use of Property restricted to housing for single families. (Article VI, Section 9(a))

Voting & meetings

Each Unit Owner entitled to one vote per one thousandth of one percent (0.001%) of interest in Common Elements. Votes of a Unit cannot be split; must be cast as a block. Units owned by Board or its designee are not entitled to vote. (Article III, Section 6)

Amendments

By-Laws may be amended by 66 2/3% of votes (or larger percentage if required) at a meeting of Unit Owners. While Declarant owns any unit in any phase, no amendment adversely affecting Declarant without Declarant's consent. (Article XII, Section 1)

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