21 Whitney Avenue Condominium Trust

Key facts from 21 Whitney Avenue Condominium Trust's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I: 21 Whitney Avenue Condominium)

Legal name

21 Whitney Avenue Condominium Trust

Developer / declarant

Austin Properties LLC (First paragraph: 'Austin Properties LLC,)

Governing law

Massachusetts General Laws, Chapter 183A (Article II.A: 'Chapter 183A')

Assessments & dues

Trustees estimate Common Expenses annually, determine assessment, unit owners pay 1/12 monthly in advance on first day of each month; supplemental assessments as needed (Bylaws Section 2.D: 'estimate the Common)

Special assessments

Trustees may make supplemental assessments during fiscal year if expenses exceed budget (Bylaws Section 2.D: 'the Trustees shall )

Collections & liens

Unpaid assessments constitute a lien under Chapter 183A and Chapter 254; Trustees may foreclose and purchase unit at sale (Bylaws Section 2.E: 'shall constitute a )

Reserves & fees

Trustees shall establish and maintain adequate reserve fund for periodic maintenance, repairs, replacement; funded by regular monthly assessments (Bylaws Section 2.A: 'Trustees shall at a)

Pets

Yes, dogs, cats or other household pets; not for commercial purposes; owner must repair damage; Trustees may require removal of nuisance pets after meeting and 7-day notice (Bylaws Section 23: 'Unit Owners may keep)

Insurance

Deductible not greater than lesser of $10,000 or 1% of policy face amount (Bylaws Section 3.E: 'but in no event sha)

Amendments

Declarant may amend unilaterally while owning any unit for certain purposes; thereafter amendment requires majority of Trustees and 75% of beneficial interest consent; cannot change percentage interests without unanimous consent; requires D (Article VII.A and VII.B: 'Declarant shal)

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