60-62 Perkins Street Condominium

Key facts from 60-62 Perkins Street Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 1, introductory paragraph)

Legal name

60-62 PERKINS STREET CONDOMINIUM

Governing law

Chapter 183A of the Massachusetts General Laws (Page 1, introductory paragraph)

Assessments & dues

Assessed by the Trustees proportionate to Unit's interest in Common Areas and Facilities (Section 10b, Page 7)

Collections & liens

Lien for common expense assessments is subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate lien for delinquent assessments; extinguished assessments may be reallocated to all units (Section 13a and 13b, Page 8)

Reserves & fees

Adequate reserve fund for maintenance, repair and replacement of Common Areas and Facilities that must be replaced periodically (Section 13, Page 10)

Home business

Home office use allowed provided no employees on premises other than the Unit Owner (Section 8, Page 5)

Use restrictions

Each Unit intended to be used only for residential purposes (Section 8, Page 5)

Voting & meetings

Each Unit's voting rights shall be proportionate to that Unit's interest in the Common Areas and Facilities (Section 10c, Page 7)

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