The 204-206 Maple Street Condominium

Key facts from The 204-206 Maple Street Condominium's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The 204 -206 Maple Street Condominium

Developer / declarant

Paul D. Borrelli

Governing law

Massachusetts General Laws Chapter 183A (Article II, Section 2.1 (Trust) and Mast)

Assessments & dues

Trustees estimate common expenses for next fiscal year at least 30 days before start, determine assessment; initial assessment upon first unit conveyance (Trust Section 5.4.3)

Special assessments

Allowed if during a fiscal year actual or expected expenses exceed the annual assessment (Trust Section 5.4.3)

Collections & liens

Unpaid assessments, late charges, interest, and attorneys’ fees constitute a lien on the Unit; personal liability of owner; enforceable by Trustees (Trust Section 5.4.3)

Reserves & fees

Required; dues must include adequate reserve fund for periodic replacement of common elements (Trust Section 5.4.2)

Leasing & rentals

Yes, but subject to restrictions (Master Deed Section 11)

Use restrictions

Each Unit intended solely for residential purposes (Master Deed Section 10)

Voting & meetings

One vote per unit regardless of size (Trust); also proportionate per Master Deed (conflict – Trust controls per Section 8.2) (Trust Section 4.2; Master Deed Section 1)

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