8-10 Loring Place Condominium

Key facts from 8-10 Loring Place Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

8-10 Loring Place Condominium

Developer / declarant

Norfolk Design & Construction LLC, a Massachusetts Limited Liability Corporation, principal place of business 60 Commercial Street, Stoughton, Massachusetts (Paragraph 1)

Governing law

Chapter 183A of the General Laws of Massachusetts (Paragraph 1 'submitted to the provisions)

Assessments & dues

Trustees assess a proportionate share of common expenses in proportion to each Unit Owner's Beneficial Interest (Paragraph 5 'each Unit Owner ... shall b)

Special assessments

betterment and other assessments referred to in Chapter 183A may be assessed by the Trustees (Paragraph 5 'betterment and other assess)

Collections & liens

assessment liens permitted under Chapter 183A (Paragraph 11.F.2 'assessment liens' and )

Reserves & fees

reserves for maintenance, repair and replacement of Common Elements may be established; additions or amendments governing reserves require consent of Unit Owners entitled to at least 75% of Beneficial Interests and approval of first mortgag (Paragraph 11.F.3)

Leasing & rentals

Sponsor may lease unsold Units; all leases or rental agreements must be in writing and subject to the Master Deed, Declaration of Trust, By-Laws, and Rules and Regulations (Paragraph 9.C and Paragraph 12)

Parking & vehicles

Common Elements include parking areas and driveways; each Unit Owner has the exclusive use of and responsibility to maintain and repair the driveway providing access to his Unit (Paragraph 5 'driveways, parking areas' a)

Architectural approval

Prior written consent of Trustees required for any exterior change, addition, structure, projection, decoration or feature; interior remodeling permitted provided work is done in good and workmanlike manner pursuant to a building permit if (Paragraph 9.B.i and final paragraph of P)

Signs & flags

Sponsor may place 'for sale' and 'for rent' signs on the land and Buildings until both Units are sold; otherwise no exterior change, addition, structure, projection, decoration or feature may be erected or placed without prior written conse (Paragraph 9.B.i and Paragraph 9.C)

Setbacks / home size

two (2) full stories plus a basement (Exhibit B 'Both Units in the Building ha)

Maintenance

Trustees maintain roofs, gutters, downspouts, exterior walls, foundation, and structural components as Common Elements (Paragraph 5.B.1)

Insurance

Condominium insurance applicable for residential use; nothing shall be done or kept in any Unit which will cause an increase in the rate of insurance without prior written consent of Trustees or result in cancellation of insurance (Paragraph 9.B.ii)

Use restrictions

Each Unit may be used only for residential purposes permitted by the zoning by-laws of the City of Boston; Sponsor may use unsold Units as models, offices, storage, or for leasing or sales purposes until both Units are sold (Paragraph 9.A.1 and Paragraph 9.C)

Voting & meetings

determined by Beneficial Interests (Paragraph 4 'the voting rights of the Un)

Amendments

Amendment requires instrument signed by owners of Units entitled to 100% of Beneficial Interests, signed and acknowledged by a majority of Trustees, and recorded; Sponsor signature required while Sponsor owns any Unit; dimensional changes r (Paragraph 10.A)

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