Osgood Place Condominium

Key facts from Osgood Place 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

THE OSGOOD PLACE CONDOMINIUM

Governing law

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

Collections & liens

No Unit Owner shall convey, mortgage, pledge, hypothecate, sell or lease their Unit unless and until all unpaid common charges assessed against the Unit have been paid in full to the Trustees. (Article 14)

Reserves & fees

Condominium dues or charges shall include an adequate reserve fund at least equal to two months estimated condominium charges for each unit for maintenance, repairs and replacements of common elements that must be replaced on a periodic bas (Article 23, FHLMC Provisions)

Leasing & rentals

Yes; Seller reserves right to sell, rent or mortgage Units without consent of other Unit Owners or Trustees. (Article 14)

Architectural approval

Changes or modifications of the exterior of a Unit or interior changes that affect structural or supportive characteristics require prior written consent of Trustees of the Condominium Trust. Nonstructural interior changes are allowed subje (Article 19)

Maintenance

The Unit Owner or Owners shall be responsible for the expense of the upkeep, maintenance, repair and replacement of those portions of the Building which are part of the common elements. (Article 20)

Use restrictions

Yes (Article 6: All of the Units may be used )

Voting & meetings

75% vote of beneficial interest required for amendment (Article 7)

Amendments

Amendments require vote of at least 75% in beneficial interest of all Unit Owners, cast in person or by proxy at a meeting; or approved in writing by 75%. No amendment effective until recorded with Essex South District Registry of Deeds. (Article 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.