17-19 Lemon Street Condominium

Key facts from 17-19 Lemon Street Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

17-19 LEMON STREET CONDOMINIUM

Developer / declarant

The Historic Cape Ann LLC

Governing law

Massachusetts General Laws Chapter 183A (Section 1)

Assessments & dues

Limited Common Area costs charged to Residential Units according to relative percentage interests (Exhibit C); general common expense assessments may be set by Trust (Sections 7, 12)

Collections & liens

Liens for common expense assessments or other charges becoming payable after recording of a first mortgage are subordinate to that mortgage except as per MGL 183A §6(c) (Section 20(d))

Reserves & fees

Reserve funds are a matter that requires 75% of first mortgagees' prior written consent for material amendments (Section 20(e)(vi))

Pets

Yes, with restrictions (Section 10(i))

Leasing & rentals

Yes, for Residential Units (Section 9)

Architectural approval

Yes, for removal/installation of non-bearing walls or other improvements; plans must be submitted to and approved by Trustees per Bylaws Section 5.2.2 (Section 10(c))

Home business

Home offices are permitted in each Residential Unit (Section 9)

Use restrictions

Residential Units may be used only for residential purposes; Retail Units for retail or commercial purposes (Section 9)

Voting & meetings

Each Unit Owner has a beneficial interest and membership in proportion to its percentage of undivided interest in the Common Elements (Section 12)

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