16-20 River Street Condominium

Key facts from 16-20 River Street Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

16-20 River Street Condominium

Developer / declarant

HARRY G. COOLEN AND ANITA RICCIUTI-COOLEN (Section One, page 1)

Governing law

Chapter 183A of the Massachusetts General Laws (Section One, page 1)

Collections & liens

all enforcement expenses (including fines and attorneys' fees) become a lien on the Unit, collected under M.G.L. c.183A §6 (Section Ten, page 13)

Reserves & fees

adequate reserve fund for maintenance, repairs and replacement of common elements that must be replaced periodically (Section Fourteen C.6, page 24)

Leasing & rentals

Yes, with conditions: must be in writing, no transient/hotel, lease must require occupant compliance with governing documents. (Section Nine b.1-3, page 10-11)

Use restrictions

Units and common areas may be used only for residential purposes or other lawful purposes allowed in a residential zone under Quincy zoning (Section Nine, page 9-10; Section Ten c, )

Voting & meetings

proportional to percentage interest in common areas (see Exhibit B) (Section Four b, page 3; Section Twelve, )

Amendments

While Declarant owns 50% or more, amendment requires 51% of unit owners and consent of 51% of first mortgage holders; thereafter 75% of unit owners and 51% of mortgage holders. Amendments must be recorded. (Section Twelve, page 15-16)

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