Bylaws Condo Association With Regulations In Massachusetts
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Massachusetts Recorded Document Search - Visit your county recorder's office to find HOA documents, like CC&Rs, Amendments, Bylaws, HOA Notices, Subdivision Maps, Plats, Recorded Land Surveys, Deeds, Deeds of Trust, Liens, and Judgments. Search under the subdivision or community name.
What Are My Rights as a Condo Owner? As a condo owner, you have the right to use your unit as provided in the master deed – if it's a residential inium unit – in a way that allows you to maintain a reasonable standard of living as required by Massachusetts health, safety and building laws.
If the income of the Association (excluding dues, fees or assessments from the owners of the inium units) is greater than $100, it is subject to Massachusetts income taxation and must be reported on a Form 3M, Income Tax Return.
Legal Framework Governing HOAs in Massachusetts In Massachusetts, homeowners' associations (HOAs) are subject to a robust legal framework. This framework not only aligns with federal regulations but also includes state-specific laws designed to regulate the formation, management, and operation of these associations.
This section provides that all unit owners own an undivided interest in the common areas. The inium form of ownership combines title in specific units with an undivided interest—with other owners—in the common areas.
Federal laws - In addition to state law regulations, the federal government has laws that govern the operation of homeowners' associations, iniums, and other residential properties in the state of Massachusetts.
The state condo law provides that in most situations a landlord who wants to convert their rental units to iniums or a cooperative must provide every tenant with the following protections: Proper notice of any condo conversion eviction, The right of "first refusal" to buy the apartment, Rent protections, and.
Massachusetts General Laws chapter 183, section 61 governs the payment of interest on tax escrow accounts by a mortgagee. It is only applicable to real estate tax escrow accounts and does not apply to escrow accounts for insurance premiums.
