41 Winthrop Street Condominium

Key facts from 41 Winthrop Street Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1: "41 Winthrop Street Condomini)

Legal name

41 Winthrop Street Condominium

Developer / declarant

Packard, LLC (Section 1: "Packard, LLC, a Massachusett)

Governing law

Massachusetts General Laws Chapter 183A (Section 1: "provisions of Chapter 183A o)

Assessments & dues

Common expenses billed as common expense; costs shared according to percentage interests (Section 4: "any such expense shall be bi)

Special assessments

Not explicitly mentioned as 'special assessment', but expenses not covered by insurance or caused by owner negligence may be billed to that owner; general common expenses are allocated (Section 4 last paragraph: "unless the re)

Collections & liens

Lien for common expenses subordinate to first mortgage; foreclosure of first mortgage extinguishes subordinate lien for assessments payable prior to sale; extinguished assessments may be reallocated to all Units as common expense (Section 9.E: "A lien for common expenses)

Reserves & fees

Not specifically mentioned; but Section 9.K(ii)(c) refers to 'reserves for maintenance, repairs and replacement of common areas' as a matter requiring mortgagee consent to amend (Section 9.K(ii)(c): "reserves for mainte)

Pets

Yes, with restrictions (Section 6.C(x): "The keeping of orderly )

Leasing & rentals

Yes, with restrictions (Section 6.C(ii): "Units may be leased, e)

Home business

Accessory office and/or artist studio allowed if permitted by zoning and accessory to residential use (Section 6.A (quoted above))

Maintenance

Association (Trustees) – roof is part of Common Areas and Facilities (Section 5.B(v): includes "roof" as commo)

Insurance

Not specifically described; but trustees maintain insurance; proceeds used for repair/replacement unless otherwise approved by mortgagees (Section 9.F(v): "use hazard insurance pr)

Use restrictions

Yes; Building and each Unit intended only for residential purposes; accessory office/artist studio allowed if permitted by zoning (Section 6.A: "The Building and each of t)

Voting & meetings

Unit Owners have beneficial interest in proportion to percentage of undivided interest in Common Areas and Facilities; percentages shown on Exhibit C (not included in text) (Section 5.C and Section 10: "percentage )

Amendments

Amendment by instrument in writing signed by at least 60% of beneficial interest, all Trustees, and recorded; requires mortgagee consent for certain changes; Declarant has special amendment rights without consent while owning at least one U (Section 8 and Section 7: Section 8 gener)

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