Fairways Condominium

Key facts from Fairways Condominium's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed, introductory paragraph)

Legal name

The Fairways Condominium

Units / lots

6 (Phase 1) (Paragraph 4 and Exhibit B)

Developer / declarant

Fairway Oaks, LLC

Governing law

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

Age restriction

Each Unit occupied by at least one person age 55 or older (qualifying owner/occupant); children under 18 may not reside more than 3 months in any 9-month period; at least 80% of occupied Units must have a person 55 or older; exemptions: dea (Paragraph 9(g))

Assessments & dues

Proportionate share of common expenses assessed by Condominium Trust based on percentage undivided interest (Paragraph 14(e))

Collections & liens

Lien for common expenses subordinate to first mortgagee rights; delinquent assessments extinguished in foreclosure may be reallocated to all Units as common expense (Paragraph 19(e))

Leasing & rentals

6 months (Paragraph 9(h): 'a minimum duration of s)

Architectural approval

Any exterior change, addition, structure, projection, decoration, painting, or other feature requires approval of Condominium Trustees; also modification, removal, or installation of interior walls requires approval (Paragraph 9(b) and (c))

Use restrictions

Each Unit shall be used only for residential dwelling purposes (Paragraph 9(a))

Voting & meetings

Proportionate to percentage undivided interest in Common Areas and Facilities (Paragraph 14(d))

Amendments

By instrument signed by Owners of at least 75% of voting power, or by majority of Trustees with 75% written consent; recorded within 6 months; certain amendments require consent of affected unit owners, Declarant, mortgagees, etc. (Paragraph 15)

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