Franklin Square Condominium

Key facts from Franklin Square Condominium's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1: The Condominium is to be know)

Legal name

Franklin Square Condominium

Developer / declarant

Cape Ann Preservation Enterprises, Inc. (C.A.P.E.)

Governing law

Chapter 183A of the General Laws of the Commonwealth of Massachusetts (Preamble: submit said land ... to the pr)

Assessments & dues

proportionate share of common expenses based on unit's common element interest (Section 9(b): Each Unit owner... shall b)

Collections & liens

lien for common expenses is subordinate to first mortgage; foreclosure extinguishes subordinate lien; delinquent assessments may be reallocated (Section 17E: A lien for common expenses )

Pets

Yes, but must be secured/restrained; not causing damage; not noisome or offensive to other unit owner (Section 10G: No dogs, cats, or other pet)

Leasing & rentals

Yes, subject to right of first refusal for leases exceeding two years (Section 16F: The word 'sale' and the wor)

Parking & vehicles

Not more than one commercial vehicle per Unit allowed, and only if used by owner to support professional pursuits (Section 10H: Not more than one commercia)

Architectural approval

Yes, for structural alterations and exterior changes; must file specifics with Trustees with architect/engineer stamp for structural alterations; exterior changes require Trustee waiver (Section 10D: No exterior change, additio)

Maintenance

Unit owners responsible for interior maintenance, exclusive use areas: decking, patio, front entry door, porch, stairs, sidewalk. Association responsible for common elements. (Section 8B: The actual wood decking surf)

Insurance

Not detailed; hazard insurance proceeds referenced (Section 17F(v): use hazard insurance pro)

Use restrictions

limited to one family or one unrelated person per bedroom; use must be allowable in Civic Center District under Gloucester zoning (Section 10E: The use of a Unit shall be )

Voting & meetings

proportionate to common element interest (50% each unit) (Section 9(c): Voting rights shall be pro)

Amendments

Requires signature of both unit owners as Trustees, recording within 6 months; certain changes require consent of mortgagees, unit owners affected, or other conditions (Section 11: This Master Deed may be amen)

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