6-8 Peabody Street Condominium

Key facts from 6-8 Peabody Street Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

6-8 Peabody Street Condominium Trust

Developer / declarant

Jeff & Lance Realty Corp.

Governing law

Chapter 183A of the General Laws of the Commonwealth (submitted to the provisions of Chapter 1)

Assessments & dues

proportionate share of common expenses based on percentage undivided interest in Common Areas and Facilities (50% each) (Paragraph 7(d): pay a proportionate shar)

Collections & liens

Common expenses (including fines and enforcement costs) become a lien upon the unit enforceable under Chapter 183A, Sec.6 (Paragraph 7: all such expenses shall bec)

Leasing & rentals

Yes, subject to conditions including written lease, subject to condominium documents, and inclusion of a specific statutory notice (Paragraph 19(1): any Unit Owner may leas)

Use restrictions

Units may be used for residential purposes only (Paragraph 7: The Units may be used for r)

Voting & meetings

one vote per Unit owned (Paragraph 7(e): Voting rights shall be o)

Amendments

Amendment requires signed instrument by owners of 100% undivided interest, signed by all Trustees, recorded within 6 months. Special amendments may be made by Declarants without unit owner consent for compliance with mortgage agencies, corr (Paragraph 13)

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