1110-1116 Great Plain Condominium

Key facts from 1110-1116 Great Plain Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (1110-1116 Great Plain Condominium Trust)

Legal name

1110-1116 Great Plain Condominium Trust

Developer / declarant

Great Plain Ventures LLC

Governing law

Chapter 183A of the Massachusetts General Laws (Article I, Section 1)

Assessments & dues

Trustees estimate common expenses, including reserves, and assess each Unit Owner according to percentage of undivided interest; payable monthly in advance on first day (Article V, Section 2C)

Special assessments

Supplemental assessments if expenses exceed estimates; also may assess for reserve fund (Article V, Section 2C)

Collections & liens

Unpaid common charges, late fees, interest, and collection costs constitute a lien on the Unit under Chapter 183A; Trustees may foreclose (Article V, Section 2C and 2E)

Reserves & fees

Trustees shall set aside funds as reserve or contingent funds out of regular assessments for periodic maintenance, repair, replacement, improvements (Article V, Section 2A)

Signs & flags

Residential Units: no signs, awnings, antennas without prior consent; Commercial Units: may place blade signs and window signs as permitted by law; Declarant may place For Sale signs (Exhibit A, Rules 4 and 10)

Maintenance

Unit Owners responsible for proper maintenance and repair of interior of their Units; Trustees responsible for Common Elements (Article V, Section 12 and Section 1(a))

Insurance

Multi-peril all-risk insurance including fire and extended coverage, 100% replacement cost; boiler explosion insurance if boiler, $500,000 per accident; flood insurance if in flood hazard area (Article V, Section 3A)

Voting & meetings

Unit Owners vote in proportion to beneficial interest as set forth in Master Deed (Article IV, Section 1; Article V, Sectio)

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