This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner.
Condominium Common Element For Fraternities And Sororities In Massachusetts
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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.
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.
In Massachusetts, homeowners' associations, also called HOAs, are not governed by a particular law in the way that inium associations are. Generally, iniums are preferred by developers when trying to create housing arrangements with shared common spaces among different unit dwellers.
Exclusive use common area is a portion of common area designated by the CC&Rs for the exclusive use of one or more, but fewer than all, of the owners within the development. (Civ. Code § 4145(a).)
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).
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