114-116 Maple Street Condominium

Key facts from 114-116 Maple Street Condominium's documents

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

Community type

Condominium under Chapter 183A (Master Deed, page 1)

Legal name

114-116 Maple Street Condominium Trust

Units / lots

2 (two) (Master Deed, page 1 ("two (2) residentia)

Developer / declarant

Freemark Corporation (Master Deed, page 1; Trust, page 1)

Governing law

Chapter 183A of the Massachusetts General Laws (Master Deed, page 1; Trust Article II, p)

Assessments & dues

Board estimates common expenses at least 30 days before fiscal year, determines assessment, renders statements to Unit Owners (Trust Article V Section 2C, page 9)

Special assessments

Supplemental assessment allowed if expenses exceed assessment; also reserve fund assessments for contingencies (Trust Article V Section 2C, page 10)

Collections & liens

Unpaid assessments and late charges, interest, attorney's fees constitute a lien on the unit; personal liability also exists (Trust Article V Section 2C, page 10)

Reserves & fees

Dues must include adequate reserve fund for maintenance, repairs, replacement; Board may set aside common funds for capital purposes (Trust Article V Section 2B, page 9)

Voting & meetings

Based on percentage of undivided beneficial interest as per Schedule A of Master Deed; each Unit Owner may vote in person or by proxy (Trust Article IV Sections 1,3, page 7)

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