4 Payne Street Condominium

Key facts from 4 Payne Street Condominium's documents

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

Community type

Condominium (4 Payne Street Condominium (name, page 1)

Legal name

4 Payne Street Condominium

Developer / declarant

4 Payne ST., LLC (Declarant: '4 Payne ST., LLC' (page 1))

Governing law

Chapter 183A of the General Laws of Massachusetts (Section 1: 'submit... to the provisions )

Leasing & rentals

Yes, but subject to restrictions; Declarant may lease unsold units (Section 9(a): 'the Declarant... may... l)

Home business

Allowed as accessory if: (i) no employees other than residents, (ii) no client visitation, (iii) no signs (Section 9(a): 'business activity accesso)

Signs & flags

Prohibited without Trustee permission (Section 9(b): 'no Unit owner shall erect)

Use restrictions

Yes; residential purposes only with limited home business exception (Section 9(a): 'intended only for residen)

Voting & meetings

Based on percentage interest in common areas (Exhibit B: Units 1=15.27%, 2=13.86%, 3=18.28%, 4=17.60%, 5=17.20%, 6=17.79%) (Section 3: 'members with interests... eq)

Amendments

Requires 75% of unit owners (by percentage interest), majority of Trustees, recorded within 6 months; also requires consent from affected unit owners if altering dimensions/use/exclusive use; requires mortgagee consent if impairing security (Section 13 (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.