116-118 Faneuil Condominium

Key facts from 116-118 Faneuil Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

116-118 Faneuil Condominium

Developer / declarant

Ikechukwu N. Anyaoku and Ogechi Christine Anyaoku

Governing law

Massachusetts General Laws Chapter 183A, as amended (Section 1, Page 1)

Collections & liens

Lien for common expenses subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate lien for assessments payable prior to sale; such delinquency may be reallocated as common expense (Section 16(a) and (b))

Reserves & fees

Adequate reserve fund for maintenance, repair and replacement of common areas that must be replaced periodically; payable in regular installments (Section 14(d): Condominium dues or charg)

Leasing & rentals

Yes, with restrictions (Section 9: All leases or rental agreemen)

Use restrictions

Units intended solely for residential purposes (Section 8: Each of the Units in intended)

Voting & meetings

Proportional to undivided interest in Common Elements (Section 10(c): Each Unit Owner’s voting )

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