Condominiums: Condo Trust
1170 Beacon Street Brookline MA 02446
Condominiums need an organization to oversee the daily running of the Common Areas and the Condominium as a whole. A Condominium Trust or Association is the common entity formed to accomplish these tasks. The organizational document is usually referred to as the Condominium Trust and By-Laws. The rules and regulations affecting Unit owners are often contained in the same document.
The Condominium Trust/By-Laws contain, amongst other items, the following provisions:
(1) The method of providing for the necessary work of maintenance, repair and replacement of the common areas and facilities and payments therefore, including the method of approving payment vouchers;
(2) The manner of collecting from the unit owners their share of the common expenses;
(3) The procedure for hiring all personnel, including whether or not a manager or managing agent may be engaged;
(4) The method of adopting and of amending administrative rules and regulations governing the details of the operation and use of the common areas and facilities;
(5) Such restrictions on and requirements respecting the use and maintenance of the Units and the use of the common areas and facilities, not set forth in the Master Deed; and
(6) Such other provisions as may be deemed necessary for the management and regulation of Condominium Association.
The document may also contain:
(1) A method for determining the fair market value of the unit and of the Condominium in cases of repair/restoration/improvements;
(2) A procedure for submitting the disputes arising from the administration of the Condominium to arbitration;
(3) Any rights of first refusal by the organization of unit owners in case of sale of a unit; and
(4) Such other provisions as may be deemed necessary for the management and regulation of Condominium Association.
The Condominium Trust/By-Laws contain, amongst other items, the following provisions:
(1) The method of providing for the necessary work of maintenance, repair and replacement of the common areas and facilities and payments therefore, including the method of approving payment vouchers;
(2) The manner of collecting from the unit owners their share of the common expenses;
(3) The procedure for hiring all personnel, including whether or not a manager or managing agent may be engaged;
(4) The method of adopting and of amending administrative rules and regulations governing the details of the operation and use of the common areas and facilities;
(5) Such restrictions on and requirements respecting the use and maintenance of the Units and the use of the common areas and facilities, not set forth in the Master Deed; and
(6) Such other provisions as may be deemed necessary for the management and regulation of Condominium Association.
The document may also contain:
(1) A method for determining the fair market value of the unit and of the Condominium in cases of repair/restoration/improvements;
(2) A procedure for submitting the disputes arising from the administration of the Condominium to arbitration;
(3) Any rights of first refusal by the organization of unit owners in case of sale of a unit; and
(4) Such other provisions as may be deemed necessary for the management and regulation of Condominium Association.
Massachusetts Affordable Housing Attorney
Steven S. Bloom, Esq.
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The Rhode Island Supreme Court licenses all attorneys in the general practice of law. The court does not license or certify any lawyer as an expert or specialist in any field of practice.
ADVERTISING.
Steven Bloom, Esq., is licensed to practice in the Commonwealth of Massachusetts. Steven Bloom, Esq. is also licensed to practice in the State of Rhode Island.
Our Office is located in Brookline, Massachusetts. The information provided in this Web Page Set is offered for informational purposes only; it is not offered and does not constitute legal advice.
Cushner & Bloom, P.C. does not seek to represent you based upon your visit or review of this Web Page Set.
The information provided in this Web Page Set is offered for informational purposes only; it is not offered and does not constitute legal advice. Although we intend to keep this information current, we do not promise or guarantee that the information is correct, complete or up-to-date. You should not act or rely upon the information in this Web Page Set without seeking the advice of an attorney.
Cushner & Bloom, P.C. does not seek to represent you based upon your visit or review of this Web Page Set. The attorney-client relationship does not begin until Cushner & Bloom has evaluated the potential client's case and a contract between Cushner & Bloom, P.C. has been agreed upon.
Please feel free to send us e-mail with your thoughts about our Web Page Set or to request more information about us. The transmission of an e-mail request does not create an attorney-client relationship and you should not send us via e-mail any information or facts relating to your legal problem or question. If you are a client of Cushner&Bloom,P.C., your e-mail may not be privileged or confidential. If you are a client, remember that e-mail may NOT be secure. There is a risk that your communication may be intercepted illegally. There may also be a risk of waiver of attorney-client and/or work-product privileges that may attach to your communication.
The Rhode Island Supreme Court licenses all attorneys in the general practice of law. The court does not license or certify any lawyer as an expert or specialist in any field of practice.
ADVERTISING.
Steven Bloom, Esq., is licensed to practice in the Commonwealth of Massachusetts. Steven Bloom, Esq. is also licensed to practice in the State of Rhode Island.
Our Office is located in Brookline, Massachusetts. The information provided in this Web Page Set is offered for informational purposes only; it is not offered and does not constitute legal advice.
Cushner & Bloom, P.C. does not seek to represent you based upon your visit or review of this Web Page Set.
The information provided in this Web Page Set is offered for informational purposes only; it is not offered and does not constitute legal advice. Although we intend to keep this information current, we do not promise or guarantee that the information is correct, complete or up-to-date. You should not act or rely upon the information in this Web Page Set without seeking the advice of an attorney.
Cushner & Bloom, P.C. does not seek to represent you based upon your visit or review of this Web Page Set. The attorney-client relationship does not begin until Cushner & Bloom has evaluated the potential client's case and a contract between Cushner & Bloom, P.C. has been agreed upon.
Please feel free to send us e-mail with your thoughts about our Web Page Set or to request more information about us. The transmission of an e-mail request does not create an attorney-client relationship and you should not send us via e-mail any information or facts relating to your legal problem or question. If you are a client of Cushner&Bloom,P.C., your e-mail may not be privileged or confidential. If you are a client, remember that e-mail may NOT be secure. There is a risk that your communication may be intercepted illegally. There may also be a risk of waiver of attorney-client and/or work-product privileges that may attach to your communication.
Phone: (617) 608-0019
Fax: (617) 608-0022
Fax: (617) 608-0022