Pier Seven Condominium

Key facts from Pier Seven Condominium's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

THE PIER 7 CONDOMINIUM

Developer / declarant

Pier 7, Inc. (Opening paragraph)

Governing law

Chapter 183A of the General Laws of Massachusetts (condominium) and Chapter 183B (timeshare) (Section 1 and Section 13)

Assessments & dues

Not fixed; determined annually by Trustees/Manager based on budget of Condominium Unit Expenses (Section 13 D)

Collections & liens

Continuing lien on timeshare interval for unpaid assessments; foreclosure by power of sale (Section 13 I(a)-(c))

Reserves & fees

Trustees may establish reserves for anticipated costs including replacement of common furnishings (Section 13 C(b) and Section 13 D(b))

Leasing & rentals

Yes, owner may rent all or part of timeshare interval with written notice to Declarant/Trustees/Manager at least 7 days prior (Section 13 O)

Maintenance

All repairs and maintenance to Condominium Units (including interior) shall be made by Trustees or Manager; owner cannot make repairs (Section 13 N)

Amendments

By instrument signed by Owners of at least 75% of undivided interest, signed and acknowledged by majority of Trustees, and recorded within 6 months (Section 11)

Amenities

Indoor swimming pool, sauna, game room, laundry area, office area, basement storage areas (Section 6(f))

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