43 Arthur Street Condominium

Key facts from 43 Arthur Street Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

43 ARTHUR STREET CONDOMINIUM

Developer / declarant

DEC, LLC

Governing law

Chapter 183A of the General Laws of the Commonwealth of Massachusetts (Paragraph 1: 'submitted ... to the provi)

Collections & liens

Lien for common expenses subordinate to first mortgages; a foreclosure sale extinguishes subordinate lien for assessments payable prior to sale, but such assessments may be reallocated to all Units as common expense (Paragraph 14E)

Reserves & fees

Trustees shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of improvements to Common Areas and facilities (Paragraph 13C: 'establish and maintain a)

Leasing & rentals

Yes (Paragraph 13D: 'All leases ... shall be )

Architectural approval

Yes (Paragraph 15: 'any and all work shall be)

Use restrictions

Yes (Paragraph 6: 'Units shall be used only f)

Amendments

Amendments require vote of Unit Owners holding at least 75% of Common Interest and institutional first mortgage lenders; no amendment altering Paragraph 7 or percentage of interest without unanimous consent of affected Unit Owners and mortg (Paragraph 7A, 7B)

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