Riverview Homeowners Association

Key facts from Riverview Homeowners Association's documents

Community type

condominium (Section 1: Name of Condominium; Section )

Legal name

38-40 Riverview Condominium Association

Developer / declarant

SCOTT REAL ESTATE, LLC

Governing law

Chapter 183A of the Massachusetts General Laws (Condominium Statute) (Preamble: 'to the provisions of Chapter )

Assessments & dues

Assessments shall include an adequate reserve fund for maintenance, repairs, and replacement of periodic Common Elements, and shall be payable in regular installments rather than by special assessments. (Section 14(h): 'Assessments by the Assoc)

Reserves & fees

Required: adequate reserve fund for maintenance, repairs, and replacement of Common Elements that must be replaced periodically. (Section 14(h): 'shall include an adequat)

Leasing & rentals

Yes, with restrictions. (Section 9: 'No Unit shall be rented for )

Architectural approval

Yes; no significant exterior change, addition, structure, projection, decoration, or other feature shall be erected or placed without written permission from the Board of Managers. (Section 9: 'unless otherwise permitted b)

Use restrictions

Yes; each Unit may be used only as a single-family residence. (Section 9: 'No use may be made of any Un)

Voting & meetings

Percentage interest in Association equal to percentage of undivided interest in Common Elements as set forth in Exhibit B (Unit 1: 50%, Unit 2: 50%) (Section 2: 'shall have a percentage inte)

Amendments

Amendment requires: (a) signed by 100% of Unit Owners (by percentage interest), (b) signed and acknowledged by majority of Board of Managers, (c) recorded in Essex South District Registry within 6 months of first signature. Amendments alter (Section 11; Section 14(j))

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