This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Bylaws Condo Association For Negligence In Massachusetts
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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.
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.
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.
Homeowners within the community elect a board of directors to oversee the association and enforce the community's CC&Rs (covenants, conditions, and restrictions).
If water damage originates in a common area, such as from a leaking roof or a burst pipe within a shared plumbing system, the association is typically liable. Massachusetts law often requires condo associations to maintain master insurance policies to cover such incidents.
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.
A inium association (COA) does have authority to get a court order requiring a unit owner to evict a tenant. Whether or not the COA would be successful under your facts and circumstances is questionable.
The rules found in the Massachusetts inium Act include mandatory provisions that must be included in the bylaws, interests in common areas of the inium, and expenses incurred by the unit owners' association. The provisions also explain the fundamental attributes of a inium.
The process to dissolve a inium association in Massachusetts generally includes a vote by unit owners in ance with the rules set out in the governing documents, followed by the legal dissolution procedures such as settling debts and distributing any remaining assets.