The main set of rules of a condo association is found in a governing document known as the Declaration of Covenants, Conditions and Restrictions (CC&Rs). The CC&Rs primarily set guidelines for how you can utilize the building or complex, including the common areas and perhaps your individual inium.
To have a pleasant condo living experience, keep in mind these legal rights for condo owners. The Right to Access Condo Documents. The Right to Equality and Non-Discrimination. The Right to Notice and Meetings. The Right to Run and Vote During Elections. The Right to Protest.
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.
House Rules are different from Bylaws in that they can be implemented and changed by the Board of Directors without the need for unit owner approval – which means that they can be changed more easily. Bylaws will very often set forth restrictions on the use of units in the condo.
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.
Most iniums are Class 2 properties, and the city assesses them as if they were market-rate rental buildings for the purpose of calculating taxes. Your Fifth Avenue apartment is taxed this way, and your building's would-be net operating income is part of the tax calculation.
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.
Massachusetts laws Includes clauses for real estate tax exemptions for blind persons, qualifying senior citizens, qualifying surviving spouses, minor children and elderly persons, qualifying veterans, and religious and charitable organizations.