Slip45 Condominium

Key facts from Slip45 Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 1 - "creates a condominium")

Legal name

SLIP45 CONDOMINIUM

Units / lots

114 (Page 3 - "The Condominium contains one h)

Developer / declarant

SLIP45 OWNER LLC

Governing law

M.G.L. Chapter 183A (Page 1 - "submits the Premises to the pr)

Collections & liens

Common expense liens subordinate to first mortgages. Foreclosure by first mortgagee extinguishes subordinate lien for assessments payable prior to sale. Delinquent assessments extinguished may be reallocated as common expense. (Section 11(c), (d), (e))

Pets

Implicitly allowed for tenants, subject to $200 pet security deposit per Section 9(c)(iv). (Section 9(c)(iv) - "Any Unit Owner that )

Leasing & rentals

Yes, subject to written approval of Trustees. (Section 9(c)(iv))

Parking & vehicles

Prohibited except with written consent of Trustees. A 'Commercial' license plate does not automatically make a vehicle prohibited. (Section 8(a)(i))

Architectural approval

Yes, written approval of Trustees required for alterations affecting structural elements, mechanical systems, sound insulation, and for exterior changes including window coverings. (Section 9(c)(iii) and Section 9(d))

Home business

Allowed: one room as home office for professional offices accessory to residential use, with restrictions: no employees except residents, no signs, no clients/customers at the unit, no unreasonable annoyance. (Section 9(a))

Maintenance

Unit Owner responsible for interior of windows, doors, walls, and all apparatus exclusively serving the Unit. Trust responsible for exterior of windows/doors, halls, walls between units/Common Elements, and structural/maintenance of Common (Section 4(i) and Section 5)

Use restrictions

Units shall be used solely for residential purposes. No business activities unless permitted in writing. (Section 9(a))

Voting & meetings

Unit Owners vote based on percentage of Beneficial Interests (as set forth in Exhibit B) (Section 5 - "undivided interest ... in t)

Amendments

Amendment requires consent of Unit Owners holding at least 67% of Beneficial Interests, subject to indemnification of Trustees. Certain amendments require Declarant's consent while Declarant owns Units. Amendments must be recorded within si (Section 10)

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