Fourteen Storey Avenue Condominium

Key facts from Fourteen Storey Avenue Condominium's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page)

Legal name

14 Storey Avenue Condominium

Developer / declarant

Terry L. Jones (Recitals, page 1)

Governing law

M.G.L.A. c. 183A as amended (I.)

Special assessments

Reserve fund shall be funded by regular monthly payments rather than by special assessments, unless the Association votes otherwise. (VII.g)

Collections & liens

First mortgagee acquiring title by foreclosure or deed in lieu takes property free of any claims for unpaid assessments that accrued prior to acquisition of title. (VII.b)

Reserves & fees

Operating reserve fund and reserve fund for maintenance, repairs, replacements of Common Area shall be established and funded by regular monthly payments. (VII.g)

Parking & vehicles

Each unit has its own assigned parking areas, which are exclusive use areas. (III.d.i; III.e (assignment of parking ar)

Maintenance

Each unit owner responsible for roof as part of unit maintenance from foundation to tip of roof. (III.h (each unit owner responsible from )

Insurance

Master casualty policy affording fire and extended coverage in amount equal to full replacement value of structure(s) including units, Limited Common Areas, and all Common Areas. (VI.1)

Use restrictions

Condominium and each Unit intended for residential use. (III.j)

Voting & meetings

One vote per unit in proportion to percentage interest; multiple owners must act unanimously to cast vote for a unit. (V.3.c (A member ... entitled to cast a v)

Amendments

Requires at least 51% of Owners; executed by 51% or President and Treasurer with certification by Clerk; recorded at Registry; not contrary to Condominium Act; no interference with declarant units; no amendment affecting declarant's rights (IV)

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