32 Bromfield Street Condominium Trust

Key facts from 32 Bromfield Street Condominium Trust's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

32 Bromfield Street, Newburyport Condominium Trust

Developer / declarant

Boston Choice Management, LLC

Governing law

Massachusetts General Laws Chapter 183A (Section II(a) – 'by virtue of the provis)

Assessments & dues

Trustees estimate common expenses for fiscal year, determine assessment, unit owners pay one-twelfth monthly in advance on first day of each month; supplemental assessments as needed (Section 2(D): 'the Trustees shall... det)

Special assessments

Trustees may make supplemental assessments during fiscal year if original assessment insufficient (Section 2(D): 'the Trustees shall make a)

Collections & liens

Unpaid common expenses and assessments constitute a lien on the unit; Trustees may foreclose; suit for money judgment maintainable without waiving lien; foreclosure sale allowed; Trustees may purchase unit at foreclosure (Section 2(D): 'shall constitute a lien o)

Reserves & fees

Trustees shall establish and maintain an adequate reserve fund for periodic maintenance, repairs, replacement; funded by regular monthly assessments (Section 2(C): 'The Trustees shall at all)

Pets

Ordinary domestic pets may be kept by any Unit Owner (Section 23: 'Ordinary domestic pets may )

Home business

Office/artist's studio allowed as accessory to residential use, no exterior signs except nameplate on mailbox, visitation infrequent, not more than one non-resident employee (Section 15(B): 'no signs or advertising )

Signs & flags

No signs or advertising on exterior of unit or common areas, except nameplate on mailbox; declarant may maintain 'For Sale' signs until all units conveyed (Section 15(B) and (C): 'no signs or adve)

Maintenance

Unit owner responsible for maintenance, repairs, replacement of unit interior, doors, windows, electrical/plumbing/heating fixtures within unit, washing exterior glass; Association responsible for common areas, exterior walls, structural pa (Section 21(A) and (B))

Insurance

May have deductible not greater than one percent (1%) of policy face amount; Trustees shall specify how deductible is paid (Section 3(E): 'Any such insurance... may)

Use restrictions

No unit shall be occupied for nonresidential purposes, but may also be used as an office and/or artist's studio accessory to residential use if permitted by zoning (Section 15(A): 'No unit shall be occupie)

Voting & meetings

Unit Owners vote based on percentage of undivided beneficial interest as set forth in Exhibit C of Master Deed (Section IV(a): 'The beneficial interest )

Amendments

While Declarant owns any unit, Declarant may unilaterally amend Trust, Bylaws, Rules to meet requirements of government, insurance, FNMA, FHLMC, secondary mortgage market, or to cure ambiguity. Otherwise, amendment requires majority of Trus (Section VII(a) and (b)(i))

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