95-97 North Warren Avenue Condominium

Key facts from 95-97 North Warren Avenue 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

95-97 NORTH WARREN AVENUE CONDOMINIUM

Governing law

Chapter 183A of the General Laws of the Commonwealth of Massachusetts (Section 1, Page 1)

Special assessments

Yes, can be levied as Special Common expense for insurance premium increases caused by a Unit Owner (Section 6D) and for legal contest costs by Unit Owner (Section 6E). Delinquent assessments extinguished by foreclosure may be reallocated a (Sections 6D, 6E, 14E, Pages 6-7, 14)

Collections & liens

Lien for common expenses not affected by sale/transfer except foreclosure of first mortgage extinguishes subordinate lien for assessments payable prior to sale; extinguished assessments may be reallocated as common expense. First mortgagee (Section 14C, 14E, Pages 13-14)

Reserves & fees

Trustees may establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of Common Area improvements; must be segregated from operating accounts (Section 13C, Page 12)

Leasing & rentals

Yes, with conditions (Section 13D, Page 12)

Architectural approval

Yes, for internal changes to a Unit; plans must be submitted to and approved by Trustees (Section 15, Page 16)

Use restrictions

Units shall be used only for residential purposes (Section 6, Page 4)

Voting & meetings

Unit Owners holding at least 75% of Common Interest and institutional lenders holding first mortgages; also unanimous written consent allowed for amendments (Section 7A, Page 8)

Amendments

Requires vote of Unit Owners holding at least 75% of Common Interest and institutional lenders holding first mortgages, or unanimous written consent. Sponsor may unilaterally make special amendments to comply with laws, FNMA/FHLMC requireme (Section 7, Pages 8-9)

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