27 Maryland Street Condominium

Key facts from 27 Maryland Street Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

27 Maryland Street Condominium

Units / lots

3 residential units (Section 3, 'In total, there are three (3)

Developer / declarant

Promitto I, LLC, a Massachusetts limited liability company, principal place of business at 30 Cobble Hill Road, Somerville, MA 02143 (Section 1)

Governing law

Chapter 183A of the General Laws of the Commonwealth of Massachusetts (Section 1, 'submit said land ... to the )

Assessments & dues

Each Unit Owner's share proportionate to Unit's undivided interest in Common Elements; initial assessments occur upon conveyance of first Unit (Section 14(b))

Special assessments

Trustees may assess costs to a Unit Owner for damage caused by misuse, nuisance elimination, insurance premium increases, legal contests, or enforcement expenses (Sections 8(c), 8(i), 8(n), 8(o), 8(p), 8)

Collections & liens

Lien for common expenses assessments not affected by sale or transfer except foreclosure of first mortgage extinguishes subordinate lien for prior assessments, which may be reallocated to all Units; purchaser remains liable for assessments (Section 13(e))

Reserves & fees

Condominium dues or charges shall include an adequate reserve fund for maintenance, repair and replacement of common areas and facilities that must be replaced periodically (Section 13(i))

Pets

Yes, subject to rules (Section 8(h))

Leasing & rentals

Yes, Residential Unit Owner may lease or rent subject to conditions (Section 8(e))

Architectural approval

Yes; prior written consent of Trustees required for exterior changes; owner seeking approval reimburses Trust for architectural, engineering, and legal review costs (Section 8(i))

Home business

Accessory office and/or artist's studio permitted only if accessory to residential use and permitted by applicable zoning laws (Section 8(a))

Maintenance

Unit 3 bears sole expense of necessary repairs and maintenance to Common Elements relative to construction or maintenance of roof deck (Section 5.2(d))

Insurance

Condominium Trust to maintain insurance policies; no specific coverage amount stated (Section 8(m))

Use restrictions

Yes; Units intended only for residential purposes (Section 7)

Amendments

Amendment requires instrument signed by owners of Units entitled to 100% of beneficial interest in Common Elements, all Trustees, and recorded within six (6) months after date; altering Unit dimensions requires that Unit owner's signature; (Section 9(a))

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