Highwood Condominium II

Key facts from Highwood Condominium II's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

HIGHWOOD CONDOMINIUM II

Units / lots

14 units in original (Buildings 11 and 12). After Phase IV addition by Third Amendment, total units become 26 (Building 13 and 14 add 12 units). However, the percentage table in Exhibit B-5-1 of Third Amendment lists units 60-89, suggesting (Master Deed, Exhibit B-2 (description of)

Developer / declarant

JAYMAR BUILDERS CORPORATION

Governing law

Massachusetts General Laws Chapter 183A (Master Deed, first paragraph)

Assessments & dues

Common Expenses are determined by Trustees and lawfully assessed against Unit Owners in accordance with By-Laws. Common Charge is proportional to unit's percentage interest. (Master Deed, Article I(G) and (H)(4))

Reserves & fees

Not explicitly required, but the working capital fund is for unforeseen expenditures. Also fidelity bond amount must cover reserve funds. (First Amendment, paragraph 5 (Section 7C)

Leasing & rentals

Yes, but with restrictions. All leases or rental agreements must be in writing and specifically subject to the Master Deed, Declaration of Trust, By-Laws, and rules and regulations. No unit may be leased for a period of less than thirty (30 (First Amendment to Declaration of Trust,)

Parking & vehicles

Each owner has the exclusive right to use a parking space or spaces as designated in writing by the Trustees. Parking areas are part of Common Areas and Facilities. (Master Deed, Exhibit B-3, paragraph 7 of)

Use restrictions

Units and Common Areas and Facilities intended only for residential purposes. Units may be occupied by not more than one family or by not more than two unrelated persons. Sponsor may use units as models for display until all units conveyed. (Master Deed, Article II)

Voting & meetings

Each unit owner shall have a vote equal to the percentage applicable to such owner's Unit (percentage of undivided interest in Common Areas and Facilities as set forth in Exhibit B-3). Majority of Unit Owners means owners of more than 50% i (Master Deed, Article I(O))

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